Back to the market, the structure on this side is already very clear. The large range is from 74.5K to 124.5K, with the midpoint at 99.5K. This place is the most genuine average cost area for the main force this year, belonging to the kind that can be easily pushed back once touched.

Previously, it plundered the high point of 124.5K and then smashed down all the way to test the weekly OB at the lower edge of the range. And now this wave is just a standard rebound, not a restart of a bull market.

First, look at the test near 99.5K; if that position is rejected, then it will continue to smash down to touch the support below. If it can forcefully stand above, and still grind sideways, then it has the qualification to talk about continuing upward.

The structure on the weekly chart from 15K to 126K has been completely finished; now it is a standard downward cycle. The first segment of the decline from 126.2K to 80.6K has ended, and now this rebound high is likely to be smashed down near 99K or 107K.

The support from 74.6K to 86K below is strong support, but it doesn't mean that once touched, it can bounce back continuously. It has already been tested back and forth three times, and will continue to be tossed around.

On the daily chart, 80.6K is just a temporary bottom, not a medium to long-term bottom. If you go to buy the so-called big bottom now, you are basically taking over for the main force. After the rebound ends, a price in the 70K range is inevitable. Short-term pressures are 94K and 99K, with supports at 86K and 83.4K.

The wave that surged after 1 AM last night can be considered a benefit given by the main force, directly pushing up to a resistance level. Moreover, they have already begun to lean towards buying call options before the meeting, indicating they are also speculating.

After breaking 91.3K, short players can only wait in the range of 93.8K to 94.5K. As long as 94.6K does not break, the shorts around here are basically at the top level. Once 94.6K is breached, then wait for the oscillation range of 96.3K to 97.8K to continue.

97.2K is the 0.618 position of the previous decline, which is essentially the limit of rebound height and not so easy to stabilize. The high point of this week is likely to be the starting and ending point for next week.

On the Ethereum side, it surged directly to 3150 in the early morning, and has already given a stop-rise signal on the small scale. The surge from 2903 to 3150 at 10 PM last night, with 247 points, has already reached the daily limit, and wanting to stabilize all of a sudden is just a dream.

And here is a standard short opportunity, first looking at a pullback to the range of 3062 to 3028. After stabilizing, then go for a second touch at the pressure of 3222 to 3236, and later 3280, 3336, 3372 will all be empty positions. #加密市场观察