The big cake rose 1000 points smoothly and broke out, and the weekly trend is coming to an end, waiting for a retracement support!

The market of the big cake directly rose up, reaching a high of 28333. The support below the market is firmly bullish, and the pressure target above is at 28000. The support below is also firmly bullish without any problems. Friends who followed the layout also smoothly gained 1000 points. Grasp the market well. Currently, the evening market is under some pressure at the short-term MA100 moving average on the daily chart. Since the current market has broken through and risen, if the upper pressure has not effectively broken through, then there will definitely be a short-term retracement or a short-term oscillation in the market, followed by a continued rise. Currently, the daily chart's attached indicators are also moving back and forth at high levels, making it difficult for the short term to continue to break through. It needs to oscillate and build a base before opening up the subsequent market trend. Therefore, for the weekend trend, there may be a retracement or oscillation support before rebounding. The support below is around 27300. In the short term, first look for retracement support. If the support can be held, then continue with the subsequent market!

The overall trend of Ethereum has not broken out of a large range, and it rose to the target of 1663 and then started to retrace. The upper pressure target of 1670 is just a step away from entering the retracement. Because the trend of the daily chart, the MA60 above is gradually moving downward, and it directly retraced after rising to the pressure above, because tomorrow is Sunday, and the weekly trend is coming to an end. If the market wants to continue to break through, it still needs to go through short-term oscillations and base building before continuing to rise. The support below is in the range of 1610-1620 in the intraday. In the short term, the market still needs to wait for support. After the short-term decline reaches the support, consider rebounding, or just adjust and absorb in the current market oscillation range, waiting for the support to move up before continuing to rise.

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