Yesterday's trend first weakened and then strengthened, reaching a high in the evening before oscillating and then gradually weakening again. In the morning, after the daily chart closed, it continued to weaken, testing the support of the middle band of the Bollinger Bands. Therefore, it can be said that the pullback caused by the release of the previous decline does not have continuity and will not pump too much. This is because it has already been digested several times, and each time the increase has been smaller than the last. So where to go after the pullback...

In terms of overall trend structure, after three consecutive bullish candles on the four-hour chart, there are again three consecutive bearish candles. After three consecutive bearish candles on the daily chart, there are now bullish candles. Overall, the continuity is quite poor, whether it is the small-level or large-level Bollinger Bands, there is no expansion, which also indicates poor continuity. Looking at the recent oscillation structure, it is currently at a high position, so it is still high. Even if it breaks upwards, it won't go up much, and once it weakens, the downward space will be much larger.

Around 112000 to 112400, look at 109700 near #btc# #ETH#