8.4 Afternoon Thoughts and Suggestions

Market sentiment has its traces. For example, if there are three consecutive small bearish candles, but each one declines less than the previous one, it’s like "the more you hit, the lighter it gets", indicating that the momentum is fading; conversely, if the bullish candles are getting shorter, it also signals that the strength is waning, which is a precursor to a trend change. Even in a short-term consolidation pattern, Uncle Zhang still seizes the opportunity to pull back, and at this time, one should not seek more but rather focus on stability.

Currently, on the 1-hour level of Bitcoin, after the K-line surged to around 114900, it has consecutively closed with red candles and retreated, with the downward space gradually enlarging, revealing a trend of diminishing upward momentum and increasing selling pressure; if the Bollinger Bands show a flat or downward middle track, and the price moves closer to the lower middle track, even exhibiting characteristics of opening downward divergence, it implies that the volatility range dominated by selling pressure is expanding. However, in the short term, it is still oscillating in the 114000-115000 range, so pay attention to breakthroughs at key positions and set stop-losses.
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Suggestion:
The pancake is around 114800, with a target below 113500.
Near Auntie 3580, target below 3500 #Alpha 积分系统上线