The big cake smoothly retraced to the target support and began to rebound, gradually rising to new highs!
The market of the big cake also retraced and fell smoothly yesterday, breaking below the position of 27300 at its lowest point. The market layout was also discussed yesterday, and it was mentioned that short-term market trends also need to retrace and bottom out with volume before rebounding. The market retraced and fell as expected, and friends who followed the market layout also grasped the retracement trend. Currently, the intraday market, after the retracement and fall on the daily chart, is still oscillating and bottoming out below the MA20 moving average. The current attached chart indicators are also in a phase of high-level downward volume. The short-term market trend is still maintaining the bottoming out, as the market has retraced to the support below. There will be a small rebound intraday, with resistance in the range of 28000-28300. Pay attention to the strength of the short-term rebound intraday. If the upper resistance can be broken through, it will continue to rise. If it cannot be broken through, there will be further retracement, fall, or continued oscillation and accumulation!
The market retracement and fall of Ethereum was relatively large, dropping to the position below 1543. However, this round of Ethereum's retracement is still a coordinated retracement with volume, as the confused Ethereum has entered the final stage of oscillation and bottoming out. After this round of decline, the current daily trend has entered a low position, and the attached chart indicators are also in a low-level upward state. Intraday, Ethereum also has room for rebound, with resistance at the 1610-1620 position. If the upper resistance can be broken through, it will continue to rise. Intraday, first look for a small rebound, and if the upper resistance can be held, it will continue to rise. If it cannot be held, it will continue to oscillate, and then follow up with the layout!
(Note: Due to the impact of timeliness, the article is recommended for reference only! Real-time advice is subject to on-site conditions!)
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