Click on the link to enter the live stream: https://meeting.tencent.com/p/6766256335
Hello everyone, I am Raccoon. Tonight at 19:00, I will lock the live broadcast room. The market experienced a sharp rise and fall in the early hours of tonight, with the highest reaching the 8.5w line. Currently, it has retreated to the 8.2w line in the short term. From the overall structure, the pancake still operates within the interval box. After this pullback, the low point around 8w became a key observation level. If the intraday price breaks, the bearish trend will strengthen, and it is recommended to follow suit.
From a technical analysis perspective, at the four hour level, the high point of the early morning rebound and the high point on Friday form a double top level and continue to operate within the Bollinger Bands. The Bollinger Bands channel line runs parallel upwards, indicating a potential technical form of an upward channel. If the early morning pullback falls below the four hour mid track support, short-term support should focus on the 8.2w line. After the previous price fluctuations, the market enters the consolidation stage, and the price fluctuation range continues to shrink, narrowing the operating channel. This means that the market is accumulating energy. From the current market perspective, the bullish volume can begin to increase, and the buying power is gradually strengthening. At the same time, the moving average is showing a consistent upward trend, which is a significant signal for the bullish market. During the small weekly period, prices also showed a substantial upward trend, further confirming the market's recovery. Overall, the recommended white market strategy for today is to focus on long positions at low levels.
Short term trading advice:
Da Bing has fallen back to around 81800, and the target is around 83500-84500.
Ethereum has fallen by around 1850, with a target of 1900-1950.
QQ group number: eight hundred and ten million seven hundred and ninety-four thousand and ninety-five
Meeting number: 676-625-6335
Disclaimers The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
