Good evening, everyone. I am Xin Ya. The pullback yesterday was quite good. Below is the analysis from yesterday, which has been confirmed.

Currently, Bitcoin has returned to the center, and the bottom has been raised to 69,200. The downside space is extremely limited, with a narrow-range fluctuation expected to digest emotions. The four-hour MA144 and the four-hour Bollinger Bands middle line are around 70,400. The whole number will have retail orders entering the market, while the four-hour EMA144 has reached 69,500. There are multiple dense moving averages below; if the market drops below, it will cause a chain reaction of liquidations, which is something the big players do not want to see, and there will be a consensus for market protection. For them, accumulating positions during panic to lay the groundwork for the next phase of the market is the right answer; we will take a long position as the primary approach.

Key levels above are 71,200, 72,800, 74,000, and 76,000. Key levels below are 70,000, 69,200, and 68,500. Excluding this rapid rise and fall in Ethereum, the four-hour moving averages have been steadily rising, while the one-hour EMA120 and EMA144 are around 2,060. Currently, the present price has run to the midpoint between this week's low of 1,906 and high of 2,219, which might form a support base. The spike and retreat from yesterday were sufficient to scare off high leverage on both sides. Last night at eleven, I published that the main force dumping a wave for weekend recovery is the most reasonable approach, while the market's sell-off was stronger than expected. Regarding the future market, our view remains the same: a smooth recovery. The worst-case scenario is just a return to the lower side of the box for fluctuation, but in Xin Ya's opinion, this possibility can be ruled out. It is headed directly upwards for recovery.

Key levels above to watch are 2,086, 2,128, and 2,168.
Key levels below for Ethereum are 2,060, 2,045, and 2,022.
Handle according to market sentiment and levels freely.

Industry peers, WeChat official account: Xin Ya talks about Chan.

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