In the afternoon, the long-term thinking again took profits and stopped profits!
The big cake target of 66600 is a little bit off, but it is not a big problem. Ethereum 3620 has been successfully reached!
In the past two days, our long-term thinking has also frequently stopped profits. We have operated back and forth many times in the short term, and we have repeatedly prompted to wait for the retracement opportunity to take more during the day.
From a preliminary point of view, the bottom has obviously risen, and the intraday rise is strong. The TD13 reversal signal below the big cake daily line, the Ethereum daily level stabilizes the MA7 moving average, and the four-hour MA30 moving average stabilizes. The rise is a visible strength.
The initial jobless claims will be announced at 8:30 in the evening, which will have a certain impact on the short-term market trend, but it does not affect our medium-term bullish outlook.
Short-term long orders that have profits can leave the market first, wait for the data to be released and then look for opportunities. The overall situation is still waiting for the retracement opportunity to take more!
The big cake support focuses on 65800-65500, the four-hour MA30 moving average support and the middle track support, and the target is still 66600-67400! Ethereum focuses on the support of 3560-3530, which are the four-hour MA7 and MA30 moving averages respectively. The target is still 3650-3700 above!
In terms of overall thinking, we are still firmly bullish. Mid-term long orders can also focus on reducing positions at 67,000 for Bitcoin and 3,700 for Ethereum!
The positive news of Ethereum spot ETF at the beginning of next month will land, and it is likely to be the same as Bitcoin. It will rise before and after the announcement. The fluctuation at the time of the announcement may not be as large as imagined!