Effort is not to prove to anyone, but to make your life more wonderful!

Bitcoin, fluctuated and rose throughout the day, with a low near 27200 and a high around 27642. The current price is close to 27580, indicating a short position in the intraday. I predict that it will not continue to test the upside in the evening, and it should be treated with a mindset of fluctuation. The four-hour candle continues to close higher, and the coin price has also tested the position of the Bollinger midline. However, the upper band of the Bollinger is currently turning downward, and the indicators are gradually recovering. After yesterday's sharp rise and fall, there will be a short-term correction first. Since the price has already reached this level, there is no need to look for further upside. The duck pear of the 1-hour MA60 is near 27700, so it is advisable to wait patiently for a pullback in the evening.

Ethereum plummeted in the early session, and I clearly advised not to chase the short. It was also publicly advised to take profits around 1636, and the current price has also reached the target area near 1650. The 30-minute chart clearly shows a resistance, and the coin price has been running below the MA60 all the time. Since it has reached this level again, this is also the resistance area to refer to in the morning, so it is okay to short at this level in the evening.

Don't always think about getting rich overnight, and don't lose confidence in the future because of temporary losses. Life needs to be managed, and trading requires planning. Duan Chenbei analyzes the market of mainstream coins such as Bitcoin and Ethereum online every day. If you don't understand the operation or want to learn, you can follow for reference. The article has a time limit, pay attention to the reference time and market conditions!

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