The short-term trend of Bitcoin is currently in the correction phase. The intraday low reached 38,300 and then rebounded. It continued to fluctuate around 61,000. Although there was a rebound, the upper pressure did not break through, and the trend was still weak. The hourly chart Bollinger Bands began to flatten, but as time goes by, the upper resistance is still moving down. If the currency price cannot stabilize above 61,600 in the short term, the currency price will continue to fall. The short-term idea is to continue to maintain the rebound short position as the main one, and follow up with a light position if the position breaks. The upper pressure focuses on the 61,600-62,000 area, giving the opportunity to enter the short position. If it falls below the 60,000 line again, you can stop profit and continue to follow up to the 58,500-59,000 area.

Ethereum: Ethereum rebounded from the intraday low of 3,260. The price rose to around 3,400 at noon and was under pressure. The trend has always been hovering around 3,350-3,380. In the short term, the trend will remain weak and volatile, and there is a high probability of another downward break, so we are prudent and still focus on short orders. Short-term support focuses on the 3280-3250 area. If it falls below, the market is expected to further test downward, so if it breaks, you can follow up with short orders. The upper pressure focuses on the vicinity of 3400-3430. If there is an opportunity, you can choose to follow up with short orders!

The essence of trading lies in the ability to find opportunities, plan before acting, and strategize. This is the key to our success in the market. Many people fail due to chaotic operations, without planning and even less planning. Most of the losses are caused by locking positions, carrying orders, and not setting stop losses. The reason is that they have no skills and ideas, and they trust others' operations, follow wrong orders, follow many people, and have a bad mentality. They always make small profits and big losses. The so-called think twice before acting. Only the points that have been considered can be entered. Radical points make people dilemma between long and short, or they catch the highest point or the lowest point. The price difference is large, and they can only hold the position if they are reluctant to stop loss. With a stable point, they can make a profit when entering, and they can withdraw when retreating.