A new day, a new beginning. Monday was indeed quite busy, which led to not being able to update. Although it's regrettable not to participate in the roller coaster ride, the overall trend on Monday was quite clear. The morning rise broke the bearish structure, so the remaining task became quite simple, just a simple follow-up layout. In the afternoon, we added more positions near 27,800, and a direct breakthrough to the 30,000 mark was basically a direct takeoff. The main reason for not participating further was the excessive upward potential and the significant magnitude, which made it too risky to enter the market. However, it was also a perfect avoidance. Sometimes stability is also acceptable, otherwise, there would have been a lot of losses yesterday.

The rhythm and amplitude driven by the news is indeed too large, and the space is also too large. Although it's a feint, from the overall technical structure, there has been an effective breakthrough. The daily chart has also seen a rare appearance of a bullish candle. Without further news to drive it, a return to the technical pattern is inevitable. However, whether it's the push from the news or the rebound from the technical aspect, the overall space for rebound and retracement does not seem large at the moment, at least maintaining operation above the starting point of the rise. When continuity and strength are combined, there is definitely a certain condition for continuation. Therefore, on Tuesday, we will still maintain a long position layout and observe for continuation.

In the early morning of Tuesday, Bitcoin retraced to the 28,150-28,250 range for more positions, with a target focus on the 29,150 level.

In the early morning of Tuesday, Ethereum retraced to the 1,570-1,590 range for more positions, with a target focus on the 1,650 level.

There is no lack of analysts in the market, but Chenyue has his own style. I don't like to complicate things because investors simply don't understand what you're saying. Chenyue's style is to express his thoughts in plain language. As long as the goal of investor understanding is achieved, that is success! Every article by Chenyue is painstakingly original. If you want to consult on operational advice, resolving positions, or other issues, you can follow the official WeChat public account of Chenyue Talk Coin!

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