Early trading analysis - Bitcoin and Ethereum morning operation suggestions.

Last night, the price of Bitcoin fell again, hitting the 61,800 line to stop the decline and rebound. Recently, the price of Bitcoin has been going back and forth in the range of 60,000-70,000. Although it fell below the 60,000 mark twice, it did not continue to fall but was quickly recovered. This repeated test, I personally think that the test below the 60,000 mark is just a short-term bear market trap, and Bitcoin verified this view at the end of June. The continuous rise in the last trading day has ignited the hope of many investors. Then we need to focus on the key position of 64,000 in the future. Here are many key trend lines in the medium and short term, such as the 21-week moving average and the short-term holder cost baseline. Breaking through this mark will further stimulate the market's optimism. Once it breaks through, BTC is expected to quickly hit a record high. Therefore, the medium and long-term bullish thinking remains unchanged! In the short term, the price of the currency rebounded after stopping at midnight. Since the price of the currency did not continue the decline and rebound, it is inevitable to test the upper pressure again, targeting the current shock adjustment trend stage. In terms of operation, continue to maintain the participation method of low-long as the main and short-short as the auxiliary!

Ethereum fluctuated slightly in the morning yesterday and tested the highest 3465. It was under obvious pressure from the top. In the late trading, it linked to the big cake and went down. The lowest test was around 3400. The short trend continued. The daily K-line is currently at the high level of the EMA trend indicator. It stepped back on the EMA90 trend support point of 3595. This was the earlier pressure point, and now it has become a strong support. The four-hour K-line entered a descending channel and directly fell below the EMA indicator channel from the highest point of the EMA trend indicator. MACD shrunk downward, and the speed of the channel spreading downward accelerated. The Bollinger Bands began to shrink sideways. The K-line fell from the upper track 3510 to the middle track support 3430. Pay attention to the lower track support point 3350 below. Before the ETF is clearly passed, there is a high probability that there will be a wash in the large box structure. In terms of operation, orders are made around the box support and pressure!