The big cake continues to oscillate, waiting for absorption to prevent a needle insertion and fall back, and support nearby absorption to continue the upward trend!

In the short term, the big cake continues to build a bottom, and the overall pressure above the oscillation is still relatively obvious. After the short-term bottoming oscillation, the subsequent market range can be opened. Yesterday's market was also mentioned. Because the current pressure on the daily chart is still relatively obvious, a short-term retracement is still needed, or continue to oscillate and support the bottom before the subsequent market can be opened. However, the market has not experienced a significant retracement or decline. The signs of oscillation and top building above are still relatively obvious. As for today's intraday market, the daily chart is bullish in the morning, and the pressure is still evident above. If the short term wants to continue to break through, it still needs to go through a short-term correction and retracement before considering a rebound. The support below is still in the range of 27500-27300. In the short term, it is still necessary to observe the bottoming situation intraday, and it can retrace to the support below before considering a rebound. Or after the continuation of oscillation, consider a rebound next week!

The trend of Ethereum is similar. In the short term, it continues to retrace and decline. Overall, Ethereum's daily chart is currently oscillating and building a bottom near the MA60 support. It was also mentioned yesterday that it is necessary to consider retracing to the support before considering a rebound. The short term also retraced, but the overall trend is still correcting within the range. If the short term wants to continue to rise, it still needs to absorb before or after a retracement, and then consider the subsequent rise. Therefore, the support below is at the 1620-1610 level. In the short term, consider retracing to the support, or continue the current oscillation and bottoming, and wait for support absorption before considering the subsequent rise and rally!

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