At midnight, Bitcoin once again ushered in a second force to break through and rush high, recovering the starting point of yesterday's decline of 62300, and currently reaching a high of 62945. Ethereum also rose simultaneously, but the volatility was small, and currently reached a high of 2452. In the evening, Lao Peng adjusted his strategy in time, following the trend to arrange multiple Dan to enter the market, entering more Bitcoin near 61500, and leaving the market near 62600, closing 1100 points of space, recovering the intraday short Dan bamboo shoots. Ethereum did not enter the market at a suitable position and did not make a layout.
After the price soared briefly, when it fell back, the risk of divergence quietly increased. Don't blindly follow the long position at the moment. The adjustment of indicators takes time. The market may enter a correction track in the short term. Its form may be a fine-tuning at a high level or a deep adjustment, which depends entirely on the overall market pulse. At present, the short-term market trend is biased downward, accompanied by a decline after multiple surges. Although the correction trend is apparent, it is not a unilateral plunge, so the overall trend may tend to be flat. In the short term, we should focus on the downward trend. If the high reappears, we need to be highly alert to the deep correction.
Operational suggestions
Bitcoin can be shorted at 62900-63200 at midnight and early morning on Saturday, and the short-term target is 62000
Ethereum can be shorted around 2450-2470, and the short-term target is 2380-2350.
