Market Review:
Yesterday's overall market volatility was not large, and it was still in a range-bound state. The market rebounded in the morning and reached around 29,200 before being suppressed. In the evening, it rebounded slightly and tested around 29,400. The current market is running around 29,100.
Market analysis:
The four-hour chart shows that the current market is running around the middle track of the Bollinger Band, and the bullish energy column continues to shrink. The direction of the Bollinger Band is not clear yet, and the market is expected to wait for the release of the non-agricultural data in the evening. MACD shows that it is mainly oscillating, and the three lines of KDJ are merged, so it is expected that the market will experience a small rebound before continuing to fall. After touching the upper support of 30,000, the market has been falling all the way, indicating that the upper pressure is relatively large. Although there is a rebound accompanied by a decline, the rebound strength is limited. It is recommended that the main strategy for intraday operations is to sell high and buy low.
Operation suggestions:
BTC: Long position around 29100, target around 29800; short position around 29800, target around 29000
ETH: Multiple targets around 1820, see around 1880, break and short
