Yesterday, after the weekly close, the strong structure from the end of last week continued, once again breaking through the upper band of the 5-day boll after a high. After the break, there was a low point, and then it surged again near the upper band of the weekly boll, with a position of 1000 points. Subsequently, there was a pullback to test the bottom support of the daily boll, with an initial position of over 3300 points. After that, the bottom of the daily boll showed a small rebound, gaining 1000 points. After breaking the high, it was mentioned that there was no high resistance, but we need to look at the larger boll resistance. Previously, 119 was the resistance from the weekly and monthly boll, and then there was a pullback. So how to view it after the pullback...

Overall trend shows a rise followed by a pullback, with a decent strength in the pullback. It was just a bit short of breaking through the daily support bottom. If it breaks through, it could continue; the daily chart did not close with a bearish candle, but it already has a long upper shadow, so any rebound strength later will not be strong. The 6-hour chart has not contracted since the upward movement, and after the pullback initiated contraction, there is an expectation for further pullback. The 4-hour Bollinger Bands show no signs of opening, indicating a higher likelihood of ranging, and currently, it is at the high end of the range, so a pullback can still be observed. The hourly chart has started oscillating after pulling back to the bottom, and the oscillation is accumulating strength as the Bollinger Bands have opened up, indicating continuity. In summary, we can continue to observe pullbacks during the day and expect a rebound for a direct short.

Around 120300 to 120800 is a rebound, looking at 118300 to 117900 nearby #BTC再创新高# #ETH突破3000#