Trading concept: Observe the trend in the long term, and identify entry points in the short term.
Market review: Yesterday, the market directly retraced to around 68,000 for Bitcoin and 3,560 for Ethereum. Short positions were regretfully swept, so strict defense is necessary during major market fluctuations.
Technical analysis: For Bitcoin, the daily Bollinger Bands have basically completed the contraction, and the market has retraced to the middle band after probing the lower band. The MACD moving average is trending downward, the KDJ line is running flat and upward, and the selling volume is gradually decreasing. On the 4-hour chart, the Bollinger Bands are starting to contract, the MACD moving average is beginning to trend upward, the KDJ line is trending upward, and the buying volume is starting to increase. As for Ethereum, the daily Bollinger Bands have completed the contraction, and the market has retraced to near the middle band after probing the lower band. The MACD moving average is trending downward, the KDJ line is trending upward, and the selling volume is decreasing. On the 4-hour chart, the MACD moving average is starting to trend upward, the KDJ line is trending upward, and the buying volume is increasing.
In summary, there are signs of a bottom rebound in the current market. Bitcoin has reached the 61,300 level, and Ethereum has reached the 3,350 level, which are the watershed for long and short positions. However, it is not enough to just test once, so it is still recommended to focus on short positions in operations!
Operation suggestions:
Short Bitcoin in the 66,700-67,200 range, with a target of 65,500-64,500 and defense at 67,700.
Short Ethereum in the 3,520-3,560 range, with a target of 3,400-3,300 and defense at 3,600.
The strategy is time-sensitive, and specific guidance in real time should be followed.
Follow WeChat public account "允彦" for more information! 
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