During the day, the trading began to make a strong push, and after breaking through yesterday's high, it faced resistance at the previous high point of 108900, with a support level of 1260 points established. Subsequently, the hourly chart formed a hammer candle with an island reversal, leading to a direct entry. In the afternoon, the price tested the four-hour Bollinger Bands support without breaking it, establishing a stance at 930 points. Throughout the day, the market has shown signs of change, and since it has already fallen, adjustments should be made rather than sticking to the previous trend.

Recently, the continuity of the market has been quite poor, and even when there are breakouts, they are relatively few. On Sunday, the market initially broke upwards, but didn't rise much, moving up slowly as if it were dragging its feet. High points are moving up, and low points are also rising, indicating that the overall trend is still relatively strong. Unless there is a pullback that breaks this structure, we still expect an upward movement. In addition, the smaller time frame moving averages remain weak, while the larger time frames still point towards strength. Therefore, we are still looking for a pullback.

Directly watch around 107400 in the afternoon, keep an eye on 110300 unchanged. #区块链 #ETH #btc