Market Review:
Yesterday, the market bottomed out first, and then the bulls returned to above 29,000 to consolidate. It quickly returned to the support near 28,500 during the session, and quickly rose to around 28,800. In the early hours of this morning, the market broke through the 29,000 mark and continued to move upward slowly. After consolidation and shock, it ushered in a wave of strong pull-ups, once rushing to around 30,000. The current market is running around 29,800.
Market analysis:
On the four-hour level line, the Bollinger Bands are open, the K line is above the middle track, the MACD double lines cross upward, the short energy column shrinks and turns to long. On the one-hour level line, the Bollinger Bands are also open, the K line is close to the upper track, the MACD double lines continue to run upward, and the long energy column has a large volume. However, the current market has retreated in the short term after touching the upper pressure level. From the short-term hourly chart, the market has experienced a pull-up and is currently at the pressure area of 29,800, which is at a high position. In the short term, if you want to continue to break through, you may need to retreat and consolidate. Then seek opportunities to continue to explore upward. Therefore, it is recommended to maintain the idea of high-altitude and low-multiple operations during the day.
Operation suggestions:
BTC: Short around 30,000, target around 29,400; Long around 29,400, target around 30,000
ETH: Short target around 1885, look at around 1830
