Tuesday is also coming to an end, let's take a look back at the intraday market trends. In the morning, it was a bit regrettable that we didn't catch the retracement of shorts while giving out the opportunity for long positions. The price of the big cake touched the bottom and rebounded, with the lowest retracement reaching 76560, providing a rebound and rise. There was nearly 5500 points of space for long positions to be released during the day. It encountered pressure around 82000. In the evening, the price of the coin saw another retracement, with back and forth whipsaw movements, quickly rebounding after reaching the low point. The space of more than four thousand points back and forth is relatively large. As for Ether, in the morning, it retraced to the low level of 1752, breaking the low level again. After touching the low point in the morning, there was a rebound and rise, until the evening when the price of the coin surged with a strong long wick candle, reaching 1969 and quickly falling back. The market fluctuated back and forth in the evening, and currently the price of the coin is running near 1910. Overall, it was a fruitful day.

What convinces a person is never reason, but a dead end; what awakens a person is never preaching, but hardship. No one's dissuasion will make you enlightened, only the experience can truly make you see through the ups and downs of the bull and bear markets. Teaching by others cannot be effective, but the trend only needs to teach once. Loss is like having a meal, you will naturally grow after having enough.
The daily structure has also reversed again. The recent market theme still revolves around shorts. Although there have been multiple attempts to break through, it has been unable to break through the strong pressure of the short-term 86500 level. Currently, it is in a high-level battle between long and short positions. The overall strength remains unchanged. After all, the retracement has not been able to give back the recent upside space. However, considering the multiple failures to break through, it is necessary to consider the existence of a certain retracement space here. The four-hour chart has repeatedly shown a pattern of probing highs and then closing lows in the short term, which can only be seen as oscillation rather than strength. The competition continues this week. The four-hour chart has repeatedly probed highs, retraced, and then fallen below the support of the high point, stabilizing above. Holding on continues to be bullish, while a breach would turn into a decline. In the short term, it may be more of a oscillating tug-of-war. Both long and short positions are changing.
Midnight operation suggests we focus on short positions.
Short directly near 81500 Big Pancake. Target 78000
Short around ETH1930 directly. Target 1870
#近期加密市场观察 #市场触底了吗？ #BTC #ETH