The 4-hour level shows that the coin price has completed a V-shaped Rebound and is currently in a rising triangle consolidation pattern. Although the market still maintains a sideways pattern, the MACD shows signs of decreasing volume and a bearish divergence, while there are indications of large order sell pressure above. Especially after a continuous higher trade volumes surge, one must guard against the market maker dump status.
It is expected to fluctuate around the 920-940 range.
In the short term, we'll see if Hangqin can break through the short-term resistance at 940/1800. If it breaks through, the market maker may further touch the resistance level at 950/1850; otherwise, the market will further test downwards, with support levels looking at 910/1700.
Caozuo suggestions BTC is in the 939-943 range, targeting the 920-915 area (if the key support is not broken on the downside, one can consider a light long position).
When your talent cannot support your ambitions, you should calm down and study. When your abilities cannot control your goals, you should settle down and practice.
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The 4-hour level shows that the coin price has completed a V-shaped Rebound and is currently in a rising triangle consolidation pattern. Although the market still maintains a sideways pattern, the MACD shows signs of decreasing volume and a bearish divergence, while there are indications of large order sell pressure above. Especially after a continuous higher trade volumes surge, one must guard against the market maker dump status.
It is expected to fluctuate around the 920-940 range.
In the short term, we'll see if Hangqin can break through the short-term resistance at 940/1800. If it breaks through, the market maker may further touch the resistance level at 950/1850; otherwise, the market will further test downwards, with support levels looking at 910/1700.
Caozuo suggestions
BTC is in the 939-943 range, targeting the 920-915 area (if the key support is not broken on the downside, one can consider a light long position).
When your talent cannot support your ambitions, you should calm down and study. When your abilities cannot control your goals, you should settle down and practice.
#12周年庆典:齐享百万豪礼