#15-Day Posting Challenge

In the afternoon, the coin price surged to a high of 99537, but then retreated and consolidated. The coin price retracted to the 98300 level, followed by a Rebound. Although the trend of the coin price shows a pattern of surging and then falling back, overall, the low points are gradually moving up, and the high points are gradually rising. In general, long positions are still dominant. As for Ether, it surged to 3429 at noon and then started to come under pressure and fall back. Currently, it has also experienced a Rebound pump. The bullish strategy given during the day also successfully gained 1200 points for the big cake, and 60 points for Ether!
From the perspective of the daily candlestick structure, the current price breakthrough is also a strong support at the middle track. Although there is a breakthrough, there is a lack of continuity. Once the decline enters a stagnation phase, there is a high probability of a rebound. Looking at the recent trends in the market, there is often a significant reverse operation during periods of stagnation or slow trends. Therefore, in the short-term structure, a slow rebound is accompanied by precautions against the occurrence of a rebound trend. If the decline stops and there is a significant resistance to the decline, then continue to stay in a low position and seize the opportunity for a rebound. From the perspective of the 4-hour structure, multiple attempts to rise are also accompanied by certain retracements. Currently, a double bottom structure has appeared, which is just a way for long positions to accumulate strength. The current round of retracement has basically ended, and the future still looks good for the rebound of long positions. It is still recommended to treat it as a retracement in the evening.
Operation Suggestion
BTC98500-98700Long Target 100000
Near ETH3320 Long target 3390
#BTC