1.2 Friday Midday Market Analysis
From the details of the market, the shipping sector is currently under pressure and retreating, with the rebound momentum already weakening. On the four-hour chart, although a series of bullish candles indicating a bottoming and recovery pattern has formed, the upward push is limited, and selling pressure above continues to increase. The upper shadow of the candlesticks also lengthens accordingly, signaling a clear pullback after a rally. Looking at the one-hour chart, there have been multiple attempts to test the upper band of the Bollinger Bands; each rebound ends abruptly, with strength far below expectations. The breakthrough momentum is gradually brewing, but before a clear breakout signal appears, the market will remain in a volatile pattern. Investors are advised to adopt a cautious attitude, focus on range-bound trading strategies, and consider high sell and low buy setups within the day.
BTC Trading Suggestions: Short at 89,000-89,800, stop loss at 90,700, take profit at 88,200-86,800
ETC Trading Suggestions: Short at 3,030-3,080, stop loss at 3,150, take profit at 2,990-2,950