The market continues to decline, but there is a brief rebound

After the market rebounded sharply for a period, there was a technical pullback, and the currency price fell back from the high point. Under the strong selling situation, many parties did not want the market to continue to deteriorate. Through the continuous addition of buying orders, the currency price rebounded slightly. , so far there are signs of a slight pause in the closing line. If the buying can continue to go long, there will still be a greater chance of rising in the future.

The market was weak yesterday. After a rapid rise, the price of the currency fell back under the pressure of selling. Selling orders continued to emerge during the trading session, and the price continued to fall under the pressure of selling. Although there were counterattacks during the decline, it ultimately failed to overcome the selling pressure.

Ethereum

The daily line closed positively. As the market continued to fall, the bottom failed to break the MA100 moving average support. With the increase in the volume of long positions in the small cycle, a part of the turning point rebounded, but the upward momentum was obviously weak, indicating that there is a possibility of another retracement. Then the MA100 moving average 1800 position below, as the limit support in our current stage, cannot be broken. Once an effective break is formed, the downward space of a larger cycle will be opened.

Pay attention to the support range of 1820-1800 below, and wait for the subsequent closing to form a stop-loss signal, then enter the long position, with the target at 1850-1880.

Flatbread

The intraday closing bottom opened flat, and the overall structure failed to break down. The 4-hour level was sideways, without a rapid rebound, and it also faced a two-way choice between long and short. If the subsequent market cannot quickly close and rise, the possibility of another pullback cannot be ruled out.

Pay attention to the support below around 26000. If it is not broken, you can enter the long position, and the target is 26700-28000.

To sum up, this is only my personal opinion. I would like to remind you again to pay attention to risk control and remember to pay attention to the latest news every day. If you have any questions, you can consult at any time.