focus more on the pressure at $5,600,and long after it is broken

As the Chinese stock market and the Hong Kong stock market rose back, the market presented a rebound, and all the major tokens started increasing while the strength was weak. We can see that longs is still limited. The BTC market still cannot break the pressure at $5,600 since the volume of the short-term market was low. Besides, sideways were indicated in the 1-hour and 4-hours chart, and it seems that the market is about to choose the direction. Being patient will be much available. In this case, we should focus more on the pressure at $5,600, and long after it is broken.

ETH tried to attack the pressure at $120 again and then stopped at $119.95. The movement has broken the MA5, which means in the short term, the rebound is likely to happen again. If it can break the pressure at $120, it would be the signal to long. Small positions to long when the rebound starts are also available.

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