Market Review

In yesterday's morning arrangement, we gave our opinion on the current price of the market: we prefer to focus on the 73,000 yuan level for Bitcoin. The market performance during the day also unfolded as expected. We provided guidance in the live trading at the 73,500 yuan level, successfully capturing over 2,000 points of space in this round of arrangement. It's a pity that Ethereum did not show the expected rebound, encountering obvious resistance in the market and even falling to the starting point of the previous rise in the subsequent small-scale consolidation. Fortunately, the bottom support was provided, returning to the 40,000 integer mark to start oscillating. However, the bullish momentum was clearly stalled, which was also influenced by the stagnation of the progress of Bitcoin's breakthrough. To prevent possible market changes, we chose to wait and see at the high level. However, there is no need to be nervous. We still adhere to our viewpoint: as long as the support is not broken, we will continue to bet on the bullish trend.

Intraday Analysis

In terms of the macro narrative, we have actually reached a relatively calm stage recently. Even though the slight negative impact caused by the CPI announcement, the market trend remains consistent and has not shown the market development as some viewpoints have pointed out. It can be seen that the current market bullish trend is still recognized. Based on this, there is no need for us to change our viewpoint. We can still arrange around the bullish trend.

Looking back at the market, the brief decline yesterday did have a certain impact on the market, and some discordant voices began to emerge. However, from the perspective of several recent low points, the coin price has not yet fallen below the support of the mid-term moving average. Therefore, we do not need to analyze and change our strategy too much. We can continue to hold and maintain the upward view.

Intraday Suggestion

Continue to hold long positions for Bitcoin, with the target set at the 74,500 yuan level. If there is a retracement to around 73,000 yuan during the period, you can enter the market decisively. As for Ethereum, long positions can be entered below 4,000, with the initial target set at 4,050, and the breakthrough target set at 4,100.

For more strategic guidance, you can follow Yunshe's Weibo, 500,000-follower financial analyst: Blockchain Yunshe

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