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After experiencing a big rise and fall, 83,000 still hasn't stabilized. Currently, all levels show a trend of being empty.
Rebound does not break the 4-hour and daily middle bands at 79,300/79,500; mainly bearish.
Key levels: 78,800/79,300/79,500 80k/80,500
Bullish outlook:
a. The 4-hour and above levels must stay above the middle band; the 1-hour must open upward.
b. The 15-minute, 30-minute, and 1-hour must form bullish momentum and break above the 30-line at 78,300/78,500; the 1-hour must stay above the 38-line to form bullish momentum. Then, lower timeframes must break above the 256 moving average; otherwise, focus on rebounds and shorts.
c. To see a big rally, must re-break 79,500/80,500.
d. Observe the intermediate levels: if 8-hour, 12-hour, and other hourly rebounds do not break the 30-line and cannot rise, a new round of bearish trend will begin.
👿 Breakout signals:
First: 78,000 🉑 watch 78,500/78,800, 79,300, 79,500
Second: 80,500 🉑 watch 81,000/81,500
Third: depends on the situation
⚠️ Rebound at 79,300/79,500 to set up for a high short, betting on a top; as long as 80,500 isn't surpassed, shorts should be held to the end.
Future bearish outlook:
a. Small rebound