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In the past two days, the market has experienced a surge and a fall, once again acknowledging the upward resistance defined before 115700. This position briefly dealt a certain blow to the bulls.
However, currently we are paying attention to the daily level of the big pie, and through observing multiple technical indicators, we believe that the pullback of the market can only be defined as a short-term operation. That is to say, this wave of decline and retreat is more inclined to accumulate strength in order to rise again.
By observing the MACD indicator and combining it with our MACD independent form, we know the current daily level. The action of bonding the fast line to the slow line is highly likely to result in a duck's mouth opening upwards. Under this behavior, prices may continue to rise. So far, the 115700 point we have defined has been continuously referenced, and our expected 119000 point is not yet in place. In my thinking, there should still be a chance to touch this position.
At present, the idea is relatively simple. There is also a previously designated resistance level of 110500 below, and I believe that the bulls are still safe for the time being, provided that there is no downward slope at this position.
QQ group number: 425915927
QQ group link: https://qm.qq.com/q/nEOTqXnf2g
Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.