Due to the time required for indicator adjustments, there is a demand for the market to enter an adjustment period in the short term. The specific form of adjustment may be a high-level adjustment or a pullback adjustment, depending on the overall dynamics of the market.
Currently, the short-term trend of the market tends to be downward and may be accompanied by multiple peaks and pullbacks. Although there is a pullback trend, it is not a one-sided decline; therefore, the overall trend will frequently seesaw. In the short cycle, we should mainly pay attention to the trend of pullbacks. If there is another rebound and peak, we need to be cautious about the extent of the pullback. In the morning and during the day, we should first look for a retracement and adjustment, then look for a second peak.
Operational suggestion: On Thursday, the range of 86200-86800 for Bitcoin can be considered 🈳, with a target focus on 84500-83000.
Ethereum: Around 2050 can be considered 🈳, with a target focus on below 2000.
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