The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

The price of Bitcoin continues to fluctuate, reducing the expectation of rising! The market still maintains a narrow range of fluctuations, and everyone's emotions have calmed down. There is no movement of funds for the time being. I guess everyone is waiting to see if there will be any good news next. However, I personally think that the current position of the market is very embarrassing. The longer it stays here, the more disadvantageous it is for bulls. I still think that the last sudden good news BTC failed to break through the dense pressure zone that has been trading for three months. It is difficult to break through upward again, unless there is a bigger good news than this level, which is obviously not the case. Therefore, my personal view on the medium-term market remains unchanged, and I hope everyone will remain cautious.

BTC Bitcoin

I have discussed with you before that BTC still maintains a volatile trend. The volume of each pull-up in the time-sharing chart has shrunk to a certain extent. This shows that there is no new capital entering the market, and the old actors are still performing. The stock market generally has to wait until the volume shrinks to the ground before it will usher in a change point again. This is the era of stock game. Once there is a large volume, the subsequent volume cannot keep up and it will go back to where it came from. The pull-up is not popular. The target has slowly returned to the bottom of the positive line and is now standing above the downward pressure line. There is still a chance to pull back to the previous high point again, but I personally think it may be a false breakthrough. If the target returns to $8,900 again, there is a truth that three touches will break, so you still have to pay attention to the risks.

ETH Ethereum

Regarding the view on ETH, I will maintain the previous judgment. I still believe that the overall trend of ETH is much weaker than BTC. It still cannot stand on the neckline of the W bottom, which means that the neckline of the W bottom of the target is under great pressure. The current trading volume is not enough to form an effective breakthrough. We will observe whether it can effectively break through the neckline of $190 in the future. If it can break through smoothly, it can intervene along the 5-day line. It is expected to re-test the pressure near $220. If it fails to break through, it means that the market's recognition of the target is far less than BTC. The possibility of the target going independent is low, and it is likely to follow the market. If the target returns to around $150 again, be careful. It will break if it touches three times. It will break if it touches three times.

The author's views are only for learning and communication, not as investment recommendations, and do not constitute investment basis!