Cryptocurrency Market Analysis: #Yunxiang Research Institute

First, look at the weekly level:
Regarding candlesticks, last week’s candlestick closed quite strongly, still a large bullish candle, and has already had four consecutive bullish days, indicating the bulls are not showing signs of fatigue and are still pushing forward strongly, but trading volume has decreased. Last week’s bullish candle’s upper shadow reached the 79,500 resistance; this week, focus on whether this resistance can be broken further. If broken, it will reach the 82,500 resistance zone. If the 79,500 resistance fails to break, then pay attention to the strong support around 75,000 (W bottom neckline + Fibonacci 0.382).
Technically, last week’s large bullish candle breakthrough was crucial, breaking Vega resistance and the middle band of the Bollinger Bands. If the price retraces to these two support levels without falling below, it may push upward again. MACD has a bullish crossover below, bullish momentum continues to grow, and KDJ and RSI indicators are trending upward, which is favorable for further rebounds. When the price reaches these levels, it could be an opportunity to go long. Range trading at low multiples is recommended.
2. Daily level:
Regarding candlesticks, yesterday’s candlestick continued to close as a small bullish candle below the 79,500 resistance. The price has been consolidating sideways at this level for five consecutive days, with a decline observed. Yesterday’s short positions have fallen more than $2,000. The 77,000 level provides some support; only a valid break below this can see a move toward 75,000. Otherwise, a correction will occur. The best short positions are around 79,000/80,000 because this area has Vega death cross resistance, channel upper boundary resistance, and weekly Fibonacci resistance. If the price falls back to the neckline + channel midline around 75,000, it could rise again. As long as the 75,000 level is not broken, the price is expected to rebound.
3. Four-hour level shows persistent bearish divergence, and a intraday correction is inevitable. Avoid chasing short positions at highs. The trading strategy is conservative: continue shorting on rebounds from 78,500-79,500, with a stop-loss at 80,500. For short-term aggressive traders, watch around 77,000, which is prone to false signals; avoid trading there. For long positions, focus on the 75,000-76,000 zone, with a stop at 74,000.
This area is prone to whipsaws, so setting the stop at 74,000 is more stable. If 75,000/74,000 breaks downward, the price will once again reach the 72,000/68,000 zone for continued consolidation.