Click on the link to enter the meeting: https://meeting.tencent.com/p/7592234196
The cryptocurrency market has been dominated by bears for more than 12 consecutive days of decline. This decline is different from the past, with no rebound in between. The market has been in a cycle of falling sideways and then falling sideways for more than half a month, and several bullish cycles have all ended in sideways resonance. The daily chart has shown a bottom purification. On May 17th, the daily chart had already entered the bottom cycle, and the decline increased after the bottom. Until yesterday when the big cake fell and both cakes fell below the lifeline (the big cake dropped by 75000, broke through 1000 points, and the second cake fell by 2050, broke through 43 points), the technical aspect was completely destroyed. However, last night there was a good news, and it was the old trick that the US Iran negotiations needed to have an agreement...... Combined with the logic of bullish resonance, this favorable factor has become the starting point for takeoff. Retrieve all the losses from the day. The pressure point in the middle has been completely broken through
Intensive multi order clearing: The daily liquidation scale is about 229-250 million US dollars, second only to Da Bing. According to another perspective, the total amount of contract liquidation this week reached 439 million US dollars. The market exhibits obvious characteristics of "liquidity hunting", and prices may first sweep through areas with high concentration of orders before reversing direction. Breaking through 2179, the cumulative liquidation intensity of mainstream CEX short orders will reach 1.056 billion, which may trigger a short selling market. The medium to long-term downward trend has not changed.
RSI (14): Approximately 35-36, neutral to short, close to oversold edge, bearish momentum not fully depleted.
QQ group number: 1103850731
Click on the link to join the group chat: https://qm.qq.com/q/eHLYxGjwB2
Safew Exclusive Customer Service: @ MY89088
Join the Huiying community and embark on a more efficient trading journey
1.24-hour live streaming room+real-time order tracking, keeping up with market trends, learning while watching, and quickly seizing market opportunities
2.15 professional analysts in the industry are in charge, with a super high winning rate and 70% commission rebate on handling fees
3. Systematic technical teaching, from beginner to advanced, helps you establish a complete trading system faster
4. Deeply cooperate with multiple mainstream exchanges to obtain more exclusive resources and event benefits.
5. There are 2 community lottery activities per month, and participants can participate by making transactions and continue to enjoy additional surprise rewards
Here, it's not just about trading, but also about the dual enhancement of cognition and returns.
Welcome to join and seize the opportunity in the cryptocurrency industry together
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.