Hello everyone, I am Yiwen. Yesterday the market saw a substantial increase. The market first stabilized around 27,000 in the morning and then rebounded. In the afternoon, it rose to around 27,900. Then the market fluctuated around 27,700. Until the evening, affected by the news, the market first rose strongly all the way to around 30,700, and then quickly fell back to around 28,000. The current situation is fluctuating around 28,100.
From the technical structure of the four-hour chart, it is currently in a pause and consolidation in an upward wave, with yesterday's starting point of 27,200 as the bottom support. After a big rise or fall, it will take time to oscillate and consolidate. The overnight volatility news plays a great assisting role. Returning to the technical side will relatively reduce the operating space. Today's operation is short-term long first, and then short if it does not break the pressure test. The point is in front and the trend is behind.
Tuesday afternoon trading suggestions
BTC: 28000-28200 area, target 29000, defense 27700
ETH: 1580-1575 range long target 1630
Defense 1550
