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Daily level:
1. Within the moving average market, after experiencing a pullback and repair, the coin price continued to decline again. Yesterday, it reached around 61000 and quickly drew back. However, BBI continued to decline and MA30 was about to cross the MA120, indicating that the downward trend has not been completed;
2. Within the Boll trend, the current downward channel has been established and the downward trend is still pressing. There are currently no signs of entering a wide range of fluctuations, so we can only continue to follow the trend of a downward trend. We need to pay attention to the pullback here, and even if we cannot reach a new low, we will take a rebound action against the low point;
3. Within the range of quantitative energy, the VR value is still extremely low, so in order to fall again, a bullish trend is needed. This week, in order to complete the weekly bearish candlestick, the daily candlestick needs to continue to decline. Based on the VR cycle, it is highly likely that a bullish trend will occur; In the trend of OBV, after the rebound of the coin price in recent days, it has continued to decline again and hit a new low, indicating that the current structure is not a bottom, but rather a relay form of decline, so there is a possibility of continuing to hit a new low;
4. Within the trend of potential energy, RSI and MFI continue to construct a bearish alignment, and there are signs of an end at present, but it is necessary to be alert to the volatility of the market; At the same time, CCI remains stable below the zero axis, indicating that in order to observe stretching in the future, it is necessary to complete the bottom making requirement;
5. Within a balanced trend, the current market is in a downward range, but there has been a change in the cloud at the end, and the downward trend is beginning to show signs of a reversal. Therefore, we should first follow the construction of the downward channel, as long as the bearish trend continues, it can be completed. Otherwise, we will wait until the decline stops before judging the period of the sideways trend;
In summary, yesterday's pullback in the daily market broke the demand for further downturns, so we are now entering a fluctuating range. However, the weekly market has not lifted the crisis, so we still need to wait for the situation of the weekly market;
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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.
