April 24 Share

Yesterday, Kongtou had multiple opportunities. Overall, the wave moved out a 2,000-point stretch with a 100-point adjustment. In the evening, Kongtou “fish head to head, fish tail” once again dropped by 1,500 points—perfectly cashed out!

Today, the market structure on the 4h chart is clear. The Bollinger Bands overall remain in an upward-opening shape, and the main upward trend is intact and unchanged. After the price surged earlier and touched the 79,400 high, it faced short-term pressure and went into a pullback and repair move. Currently, the coin price is trading at the upper middle band of the Bollinger Bands. Short-term longs’ upside rally momentum has clearly weakened. Upward resistance has increased, and the strength to continue pushing higher is insufficient.

In terms of indicators: the MACD double lines are oscillating at a high level and are turning; a death cross downward signal is about to form. The KDJ three lines are also diverging downward in sync. Short-term bearish momentum continues to expand, and the market shows a need for further pullback and weakening.

Big pie: rebound 78700-79300 short, targeting 77500-76000

Ether: rebound 2340-2370 short, targeting 2280-2200