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Click on the link to join the meeting directly: https://meeting.tencent.com/p/7890471408 What impact will it have if the monthly closing line is bearish In the financial market, 'bearish closing line' is a bearish judgment in technical analysis, referring to a bearish signal such as a dark cloud covering the top of the monthly candlestick, or a bearish signal such as a long upper shadow line or a drop below key support levels. Its impact mainly has three aspects: One is to exacerbate the concerns of short-term investors, with some short-term funds taking profits or stopping losses to exit, increasing market selling pressure and potentially causing a temporary correction in stock prices/indices; The second is that the monthly chart reflects the medium-term trend, and bearish signals may indicate turning pressure on the medium-term trend. The rising varieties may fluctuate or even fall, while the falling varieties may confirm the continuation of the downward trend; Thirdly, institutions and other medium - to long-term investors may adjust their positions, reduce their allocation of related products, shift towards defensive assets, and affect the flow of funds. Technical Analysis BTC's weekly closing line is marked by a large bearish candlestick, with a double top formed. One bearish candlestick has fallen below the key level of 114000, but has rebounded several times without reaching the upper limit. The daily chart has reached the lower limit, but after reaching the upper limit in four hours, it has been hit back. Currently, there is still strong support at 110000, and after breaking the level, it has reached 100000 and 90000. The weekly closing line of ETH is bullish, but a large bearish candlestick turns bearish and bullish, suppressing near the monthly upper limit. If the closing line does not stabilize at the monthly upper limit, it will start to fall next month. After 4000 is broken, it will reach 3500. So, how do we proceed next? Teacher Zhao Yun, who has 9 years of practical trading experience in the cryptocurrency industry, will provide a detailed breakdown for everyone. Welcome to the live broadcast room to check in! Join the Three Kingdoms College Exchange Group to receive more services: 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Official QQ group: 579358784 Tencent Meeting ID: 789-047-1408 The live broadcast room will be broken down in detail. Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin 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.
