The intraday decline retraced to the target of 28000, and we are waiting for a breakthrough above while holding the support in the evening!

The intraday market also experienced a retracement and decline. As mentioned in the morning session, for the intraday trend, in order to continue the breakthrough in the short term, it still needs to go through consolidation and bottoming out before opening up the subsequent range. The overall intraday market also declined, with the highest point reaching just above 28000. The intraday retracement and decline target has been reached. Everyone should grasp the market well. As for the current evening market trend, the short term will continue to oscillate back and forth, showing an overall bottoming out state. As long as the support at 28000 below can be held, then for the subsequent market, we can continue to be bullish. The upper resistance remains at 29000, and if it can be broken, we can continue to the pressure level of 30000. Just wait for the subsequent market to break through and follow the trend within the range.

As for the market trend of Ethereum, it also experienced a linked retracement and decline intraday, reaching a low position below 1570 overall. Currently, it is still oscillating and bottoming out around the support below. The evening market is not expected to have much movement for now. Just wait for the support, and as long as it can be held, we can continue to be bullish for the subsequent market. It's okay to go long based on this support, and the subsequent breakthrough of the upper resistance is also at 1610-1600. Break through and continue for the long term!

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