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Yesterday repeated Monday's trend, first weakening then strengthening, with fluctuations in the afternoon and a pullback in the evening. However, the weakening at night was mainly influenced by fundamentals, which opened the door to a decline. After the decline, there was also no continuation for the recent movements, with some fluctuations mixed in. Therefore, do not be greedy; the early morning provided a Rebound, and again a pullback in the morning. So, the structure must be clearly distinguished. Every little bit you can hold onto is valuable.
From the perspective of the overall trend structure, the daily line operates around the middle track of the boll, not breaking the highs above or the lows below. After consecutive bearish candles, it does not continue, and consecutive bullish candles also cannot break the resistance. The boll at higher levels above the daily line is also not wide open, presenting a contracted posture, but is biased towards the top. With a contracted boll, it will first operate within the boll range. The weekly line has broken above the middle track of the boll and operates around the middle track, but has not yet tested the lower track of the boll, so there is an expectation of a pullback, still primarily focusing on a high top.
Around 111400 to 111800, first look at the support at the middle track around 110000, with a break at around 108400. #btc #ETH