April 4 Daqin Analysis: Overall Range Fluctuation, Daqong’s Double-Sided Standoff, If Balance Continues.



Wishing everyone a happy holiday. While Daqin is currently range-fluctuating, you can rest well and not blindly buy into orange/red envelopes; there’s no need to rush when it comes to waiting for the trend.

The core feature of the current market is that both the bulls and the bears lack the chips to push forward, forming a weak balance of “low-volume sideways consolidation.”

The bulls barely hold the 66,000 support line; there isn’t enough upside momentum. The bears hold the positions above 68,000 as well, but they also lack enough sell-off chips to form an effective breakout. As a result, the price keeps grinding back and forth in the 665–685 range, with directional movement continuing to be absent.

It’s recommended to keep control and observe, going high and low in the 665–685 range with Daqong and Dapi. Wait a bit more—there’s no need to force an entry. $BTC $ETH #btc
BTC0,67%
ETH0,1%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin