In terms of technical structure, the short-term has officially entered the corrective phase. The breakthrough with volume on the weekly chart has brought about a relatively large overall space. After the release of the breakthrough momentum, there has not been a corrective phase, which is quite normal to occur after some time.

On the daily chart, the first transition from consecutive bullish to bearish correction still indicates a pause in the trend rather than a reversal. The trend is still bullish, but it may enter a few days of oscillation. There is no obvious rebound within the short term, indicating that the support has not been confirmed. There is still space to look at below over the weekend, and both long and short positions can participate in the corrective oscillation stage.

In the near future, there will be real-time layout for medium and long-term positions. Friends who need to keep up can follow the public account.

Short-term strategy for the weekend: Bitcoin: Short around 62300, with a short-term target of 60800 Ethereum: Short around 3440, with a short-term target of 3370

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