Every shot was like a dice thrown in the dark. We plan carefully, layout carefully, and expect every action to achieve our goals. However, trends are like violent storms, unpredictable and uncontrollable. Sometimes, our efforts are like dust blown away by the wind. Although we try our best to fly, we cannot fall down according to our wishes.
Judging from the disk, the daily line turned positive after bottoming out, showing an alternating pattern of yin and yang to close. In the morning, Laobai gave us a rebound idea near 35400. In the evening, the currency price rebounded and stretched to around 36200, and there was still 800 points of space.
At present, the currency price is still fluctuating at a high level and showing an upward trend. This bottom-out recovery indicates that the decline has encountered resistance. The price has fallen back but the increase has not been maintained. The resistance of the bulls is increasing. In terms of suppression points, 36400 still exists as an early opening and lowering point. It is currently changing its position to suppress, and can be regarded as a suppression point within the day.
In a falling market, the most taboo thing is to rebound after bottoming out. Once there is a significant bottom-out recovery, you cannot blindly go short. Even if the rebound from the bottom does not change the pattern of the decline, it will compress the space for decline, making it difficult to break through the low again. The short fall has already gone nearly 2,000 points, and it is difficult to recover from the weakness. A rebound in one trading day is unlikely to turn things around, and the short position cannot be abandoned just because of the rebound.
In general, the rebound in the late trading has brought considerable resistance to the bearish decline, and it will be difficult to break through the lows in the subsequent trading. And the chance of direct strength is even smaller. When neither long nor short has an absolute advantage, it is a high probability event that the range will repeat and fluctuate. At night, you can conduct short orders around the 36400 suppression level.
If the pie is short near 36400, look for 35400; if it is short for ether near 2040, look for 1960.
Suppression point: 36400, 2040
Support point: 35400,1960
[The above views are for reference only, investment is risky, please be cautious when entering the market] $BTC $ETH #cpi #BTC #etf
Judging from the disk, the daily line turned positive after bottoming out, showing an alternating pattern of yin and yang to close. In the morning, Laobai gave us a rebound idea near 35400. In the evening, the currency price rebounded and stretched to around 36200, and there was still 800 points of space.
At present, the currency price is still fluctuating at a high level and showing an upward trend. This bottom-out recovery indicates that the decline has encountered resistance. The price has fallen back but the increase has not been maintained. The resistance of the bulls is increasing. In terms of suppression points, 36400 still exists as an early opening and lowering point. It is currently changing its position to suppress, and can be regarded as a suppression point within the day.
In a falling market, the most taboo thing is to rebound after bottoming out. Once there is a significant bottom-out recovery, you cannot blindly go short. Even if the rebound from the bottom does not change the pattern of the decline, it will compress the space for decline, making it difficult to break through the low again. The short fall has already gone nearly 2,000 points, and it is difficult to recover from the weakness. A rebound in one trading day is unlikely to turn things around, and the short position cannot be abandoned just because of the rebound.
In general, the rebound in the late trading has brought considerable resistance to the bearish decline, and it will be difficult to break through the lows in the subsequent trading. And the chance of direct strength is even smaller. When neither long nor short has an absolute advantage, it is a high probability event that the range will repeat and fluctuate. At night, you can conduct short orders around the 36400 suppression level.
If the pie is short near 36400, look for 35400; if it is short for ether near 2040, look for 1960.
Suppression point: 36400, 2040
Support point: 35400,1960
[The above views are for reference only, investment is risky, please be cautious when entering the market] $BTC $ETH #cpi #BTC #etf