After last week's sharp pullback, we define the trend of this week's market as a correction, and the correction must not be a big short, so the current market cannot be treated as unilateral weakness.

On the one hand, we have been emphasizing that the pullback still belongs to the correction category, and the change of the trend will definitely not be achieved because of a downward fall, even if the trend takes a process, at worst it will take three to four weeks to do the topping cycle to achieve the top structure. To put it simply, the longest market will not change because of a fall, and the same shorter market will not change because of a rebound, and the turning point of the trend must be a combination of time and strength, and there must be a process to achieve.
For the low point near Bitcoin 59600, there is a high probability that it may become the low point of this round of correction, because if the market is really weak, this position has been broken, and it will not come out of the Rebound of 7000 points again, so the current low support has appeared, and the long has begun to launch resistance, although it cannot directly reverse the previous fall, but it is still possible to block the short to continue to fall.

So for tonight's operation, for the time being, do not consider short orders, or need to find a position to receive longer, today we have received longer at 64800 and 3130, won 1700 points and 120 points! Continue to pay attention to 65000-64800 to support longing opportunities in the evening, target 67000-67500, Ethereum 3150-3120 synchronous longer, target 3280-3330!