Market Review:

Yesterday's market started with a slight decline to around 29100 in the morning, then stabilized and rebounded near 29400 before starting to fluctuate. In the evening, there was a surge in the market to around 29600, but then it quickly fell back to around 29200 in the early morning. Currently, the market is fluctuating around 29370.

Market Analysis:

From a four-hour perspective, the Bollinger Bands are running parallel. After a long lower shadow in the morning, there was a slow rebound. The KDJ lines continued to rise but then faced resistance, causing the upward momentum to slow down. The MACD histogram showed no significant changes. Looking at the market, there is still strong resistance near 29700, and the support around 29000 is relatively stable. Until there is an effective breakthrough, one-sided sentiment is not very obvious. From a daily perspective, the stair-step downward trend has been broken, and after experiencing consecutive declines, the market is showing clear support and resistance with a doji star reversal. In the one-hour chart, the bullish energy column is gradually increasing, with a long lower shadow, and the upward spike in the evening was quickly met with resistance and fell back, which was only symbolic. Intraday short-term view suggests that the tug of war between bulls and bears will continue!

Recommendations:

BTC: Short near 29700, target near 29200, stop loss of 300 points

BTC: Long near 29200, target near 29700, stop loss of 300 points

ETH: Long near 1835, target near 1870, hold if breakthrough, reverse if not, stop loss of 20 points

The above suggestions are personal opinions and are for reference only.

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