ETH rebounded from the low of 1876 yesterday, which is about 50 points away from our long entry position. There was not much pressure on the entry point for this rebound yesterday, after all, there is strong support at 1800 below.
From the hourly chart, ETH's retracement experienced a gradual decline after three consecutive declines. The downward trend was very obvious, but after breaking through 1800 yesterday, it formed a V-shaped reversal, and the rebound was very strong, approaching the previous high of 1875. Currently, this V-shaped reversal has broken the downtrend, and the price is currently suppressed at 1875, but there is also support at 1850 below.
During the day, pay attention to the support in the 1850-1840 range. If 1850 is held, the market is still bullish.
ETH intraday operation suggestion: Enter long positions in the 1850-1840 range on retracement, with a target of 1880 resistance and a defensive position at 1828.
BTC is once again facing the key level of 30,000 yuan. This time, it has formed a retracement in the short term. However, from the hourly structure, the overall retracement of BTC is not significant, and yesterday's probe did not break the previous low. From a structural perspective, it has formed a "W" bottom structure, and the momentum of the rebound is still good. It just needs further stimulation to break through the 30,000 yuan level.
Currently, the overall price range is still between 29,200 and 30,000 yuan, so the strategy is still mainly long.
BTC intraday operation suggestion: Enter long positions in the 29,500-29,350 range on price retracement, with a target to observe the breakthrough of the 30,000 yuan level and a defensive position at 29,150.
Choice is far greater than effort; destiny is only responsible for shuffling, and it is always ourselves who play the cards. Some people see opportunities and seize them, while others see traps and fear. Just like the current market, seizing opportunities is the most important.
Friends who like the author's ideas can pay more attention to the official account: "Ziyalunbi."
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