Yesterday, the January CPI monthly rate came to an end. The announced value of 3.7% was higher than the predicted 3.6%, which increased the market's enthusiasm for the Federal Reserve to raise interest rates in November. At the same time, the market made a small reaction. Many friends believe that this data The thunder is loud and the raindrops are light, but this is not the case. There is a category of over-digestion as a whole, just like the congratulations given in yesterday's live broadcast. It is not a matter of not arriving before the time has come, but sooner or later.
After all the dust settles, the market will enter a period of decision, whether to continue downward or to close in shock. Many friends are in disagreement again at this time. However, the technical structure is ignored.
So far this week, 4 negative lines have been received in succession, and the effect is obvious. The dark cloud cover momentum after touching 28,000 has not changed. The adjustment is still expected. The effect of ether breaking the negative trend in these two days is low. The points continue to move downward, and the high point step is obviously gradually formed. After touching the lower track of the boll, it has not closed up rapidly in the past two days. The taste of opening up and down is still there, and there are still signs of continuation. If the moving average is suppressed by anyone with a discerning eye, don't force a bullish rebound.
In terms of the pie, the continuous yin has not touched the lower track support. While there is a mood of encounter, it drags the bulls below to the point of 26000. It has the smell of chronic accumulation, but without seeing the Yellow River, how can it be easily turned around? At least it can see the lower track. Track is the prerequisite. I have a feeling that the more diluted it is, the more snail-paced it is, and the easier it is to have a sudden wave of waterfalls, either today or next Monday. I got a lot of friends and served some snacks.
Ether fell to the 1515 area overnight and stopped rebounding, and the market stopped hitting the 26500 area. It has been like this for three consecutive days. The time window to watch is still in today's European and American trading. In terms of short-term operations, it is better to follow the market attributes and continue to look for adjustments. Based on yesterday's opening, short selling can be arranged at any point in early trading. Below, we will first focus on 25800 and Ether’s 1480 radial support, which is also the first short-term target area.
Friday operating strategy:
btc 26850-to 27000 area, defend 27300, watch 25800
eth 1545 to 1555 area, defense 1575, watch 1480
After all the dust settles, the market will enter a period of decision, whether to continue downward or to close in shock. Many friends are in disagreement again at this time. However, the technical structure is ignored.
So far this week, 4 negative lines have been received in succession, and the effect is obvious. The dark cloud cover momentum after touching 28,000 has not changed. The adjustment is still expected. The effect of ether breaking the negative trend in these two days is low. The points continue to move downward, and the high point step is obviously gradually formed. After touching the lower track of the boll, it has not closed up rapidly in the past two days. The taste of opening up and down is still there, and there are still signs of continuation. If the moving average is suppressed by anyone with a discerning eye, don't force a bullish rebound.
In terms of the pie, the continuous yin has not touched the lower track support. While there is a mood of encounter, it drags the bulls below to the point of 26000. It has the smell of chronic accumulation, but without seeing the Yellow River, how can it be easily turned around? At least it can see the lower track. Track is the prerequisite. I have a feeling that the more diluted it is, the more snail-paced it is, and the easier it is to have a sudden wave of waterfalls, either today or next Monday. I got a lot of friends and served some snacks.
Ether fell to the 1515 area overnight and stopped rebounding, and the market stopped hitting the 26500 area. It has been like this for three consecutive days. The time window to watch is still in today's European and American trading. In terms of short-term operations, it is better to follow the market attributes and continue to look for adjustments. Based on yesterday's opening, short selling can be arranged at any point in early trading. Below, we will first focus on 25800 and Ether’s 1480 radial support, which is also the first short-term target area.
Friday operating strategy:
btc 26850-to 27000 area, defend 27300, watch 25800
eth 1545 to 1555 area, defense 1575, watch 1480