BTC once again rebounded after probing the 40556 level in the morning, and is currently consolidating near 41000. The short-term trend is still weak, and it may test the 40000 support level again during the day. However, in the case of positive news, we still lean towards a reversal to the upside. The waterfall on Monday and the retest of the 40000 level on Tuesday indicate that integer levels, which are easily consensual positions, still have fund support. Therefore, if it probes below 40000 again and fails to break it, a double bottom structure will have formed. After such a structure appears, it is not a good shorting point below. Currently, it is possible to find a suitable point to initiate a rebound to the upside.

Midday operation suggestion:

Long BTC at 40800-40500, target: 41500-41800

Ethereum can follow the same operation.

Be prepared to defend according to your position!

Market trends change rapidly, so grasp the opportunities according to the trend! The short-term trend direction will be publicly announced every day. Friends who are not good at short-term trading should stay alert and keep up with the pace!

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