Click on the link to enter the meeting: https://meeting.tencent.com/dm/cUXexTqqrxgp
Hello everyone, I am Cannon Teacher. Live broadcast at 10 pm tonight, over 280000 people in the cryptocurrency market have been liquidated in the past 24 hours, with a total liquidation amount of approximately 1.798 billion US dollars, including 1.51 billion US dollars for multiple liquidation and 280 million US dollars for short liquidation. The long short ratio is severely skewed, and market sentiment is in a state of extreme fear.
BTC: Today's intraday low briefly fell below $62000, reaching a low of $61460-61500, marking the lowest level since February 24th. The current price is weakly oscillating and rebounding in the $64500 area, but all moving averages at the daily level are bearish, and the price has fallen below MA200, causing structural damage in the medium term. The 4-hour RSI fell to 14.9 at one point, extremely oversold. The current rebound is defined as a downward intermediate repair - unless the market can maintain a stable position in the $66800-67000 range with increased volume today, all upward movements will only be treated as a rebound and will not shift to the mid line position.
ETH: Today's lowest is 1732, currently around 1790. The daily chart is also bearish, with weak linkage to BTC. Below support 1740-1760, below test 1700; The upper pressure ranges from 1880 to 1900.
Tonight's focus: How to confirm the rebound signal after extreme oversold? Is it carrying or walking with multiple duvet covers? How to split the profit taking of empty orders into batches? See you at 10 o'clock, don't guess the bottom, wait for the structure.
Tencent Meeting: 75633825420
QQ group: 1105107912
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.
