There’s something going on in the chart!

The 4-hour golden cross is below the zero line. The buyers are taking over and picking up the order flow, but the momentum is weak—it won’t let the price drop too hard, yet it’s still at the table.

What to note is that the sell-side volume bars are also gradually getting shorter. The Kuangtou momentum is gradually running out of steam, and the sellers are observing as well.

Next is to watch whether the death cross can pierce upward through the price—can it break above 78,000? If it goes up to 78,000, it would clear out a batch of Kuangtou, but the probability of that is currently not high.

Most likely, it will continue the previous “false breakout” to lure in more buyers, and then keep dropping to test the bottom support at 73,000.

Like and follow—if there’s any situation, I’ll analyze and broadcast it right away. I’ll do my utmost to help everyone get their share!

In the simplest terms, tell the clearest trend.
Fu Yi, a trader who looks at trends by rules.
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