Yesterday's thought was once again validated, with the lowest price reaching around 103700, which is not far from our target point. Subsequently, the price began to rise, and we also got the signal from the market. When the price reached the low point and started to rebound, we took the opportunity to go long, capturing a space of 2000 points. The short-term rebound of Bitcoin this morning is clearly the beginning of a continuation of the retreat. The price is currently operating near the middle track, hovering around 104000-106000. We should pay close attention to the breakout situation at 106000. The team at Genben Micro is available online 24 hours a day to solve all your worries.
From an overall structure perspective, the daily line is once again operating around the middle track. In the short term, there is also a downward break. The morning's retreat also confirmed what we mentioned earlier: if a prolonged rise does not break through, there will definitely be a pullback. Overall, it has returned to a wide fluctuation range. Currently, it seems to have formed a double top structure, and the upward result has also proven the key pressure at 106000. The downward force in the morning was actually not strong, and there will be a new round of re-rally later. However, the price has now reached around 105000, so we need to pay attention to the continuity of the retreat this afternoon. We can continue to wait for further price pullback and wait for the pullback to end before setting up subsequent longs.
This morning, Bitcoin was shorted directly around 105800-105600, initially targeting 104500. Ethereum was shorted directly around 2530-2510, initially targeting 2450. #中心化与去中心化交易所 #我的COS交易 #韩国加密政策