In the early hours, the bull market of Bitcoin started to exert its strength, pushing the price from 35,900 to around 37,000, and then gradually fell back. Last night, Lao Bai provided a bearish strategy, and Bitcoin also delivered a drop of over a thousand points as expected, while Ethereum also had a potential drop of fifty to sixty points.

During the day, the market fluctuated within a narrow range. In the evening, there was a slight upward stretch in the coin price, showing a trend of oscillating upward. A strategy for a potential retracement has been given at noon, and the opportunity to enter has passed. Now, we wait for the market to rise, observe the stability of the coin price, and assess the situation of the resistance above. A short position can be considered for a retracement, and if the position is broken, be ready to turn around and pay attention to setting a stop loss.

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Long near 36,000 for Bitcoin, with a target of 36,800-37,000. Long near 1,910 for Ethereum, with a target of 1,980-2,000.

Resistance: 36,800-37,000, 1,980-2,000

Support: 36,400, 35,800, 1,920, 1,900

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[The above views are for reference only. Investment carries risks, and caution is advised when entering the market.]

Weibo: Coin Circle - Lao Bai

WeChat Official Account: Lao Bai Talks Coins

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