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Tomorrow's CPi data, as well as the day after tomorrow's unemployment benefits, are destined to make this week extraordinary. The current breakthrough of the high level does not mean that you can chase the market without any worries. If another round of consolidation comes tonight, it's basically a dead end. This kind of trend of great ups and downs, technical analysis basically no longer works. It mainly relies on the market's sentiment and the impact of external news. There is no logic at all. Today's trading hours, the coin price on the daily candlestick chart, is oscillating and correcting at a high level. After yesterday's high trading volume, the short-term rhythm has slowed slightly. However, from the perspective of retracement space, it has temporarily held above last week's retracement low and is oscillating. Holding this level still remains bullish. The 4-hour chart has slightly stabilized above the dual moving average, accumulating energy during trading hours, and rising at midnight. Currently, it is still in a rising structure. In the short term, it has not fallen below 56000 and 2300, which are temporarily supported. We maintain the unchanged bullish formation, but the rising volume has slowed slightly. In addition, every time a new high point is reached, there will be a consolidation and oscillation. The performance over time is a horizontal consolidation and correction, accumulating energy.


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The current market is running in a corrective rhythm after the rise. This also indicates that the ratio is building a new rise platform, and it can be seen that both the momentum and the form of long positions are sufficient, and they will not turn direction again to a deep adjustment, at least for now. In terms of the short-term trend structure of the ratio, as the support at the bottom becomes stronger, the pressure on the upside will continue to weaken. It is highly probable that long positions will continue to rise in the future, although there may be retracements. However, we can still consider this as a means of accumulating power for long positions. Today's operation is still long, be prepared for defense, and do not hesitate to take profit if a new high is broken without chasing rising prices at high levels. The Fluctuation base is large, and a slight retracement can easily lead to losses. Specific operations should be based on real-time trading.
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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