A quick turn, a brief summary of this week's market review, the beginning of the week pie down to the 74460 low line, but also once again refresh the latest low point of the pie, but also again to give 10,000 points of space, short suppression appears to be particularly strong, ether is also out of the same style, once again fell below the 1400 mark, bottomed out of the 1383 line low, the same in each bottom after the formation of a rebound, and with the recent fluctuation base is larger, the strength of the rebound is also relatively large, we mainly look at the rebound short idea this week to layout, In the small cycle, the current currency price is above the pin to form a number of K-lines with a long upper shadow, showing that the upper selling pressure is still relatively heavy, and the short-term will face adjustment. Once the adjustment is over, the market will have the possibility of further upward exploration. Combined with the current fundamental impact and technical aspects, the short-term upward momentum of the currency price is good, and it is precisely because the bullish sentiment at this time is very high, which will inevitably cause violent price shocks, and even repeated shuffling.

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In the afternoon of the weekend, the Bitcoin market has been oscillating within a range without significant fluctuations. The price of Bitcoin rose in a volatile manner and reached a high point of 84918 before retreating. Ethereum moved in sync with BTC, with the market rising to a high of 1627 in the afternoon before pulling back. Based on the current chart, the overall trend has entered a phase of consolidation, but the KDJ three-line indicator has turned downward, indicating that market sentiment is weak. From a one-hour perspective, the market is close to the lower band of the Bollinger Bands, and the MACD indicator has entered negative territory. Although the bulls have provided some rebound, the desire for an increase is not strong, and the risk of a pullback still exists. Therefore, we need to pay close attention to the key support level of 83300 (1550). If the price falls below this level, it could trigger a larger pullback.