1. Macroeconomic Analysis
1、#DXY
Daily chart
Daily order flow is downward.
DXY rebounded yesterday and fell back to range-EQ here, eating up the remaining liquidity.
If it is rejected here, then continue to test range-L downwards. If the breakthrough is stable, then pay attention that it may have to go up to test the liquidity of 104.3.
Hourly chart
The upward test of H4 bearish OB here was rejected, but the current decline has not caused structural damage and it has been fluctuating here.
Wait for Monday. If it is strong here, the 103 position may not be tested, and it will continue to move upward to test the H4 bearish OB.
If it is weak, then we will have to see the test of the old position of H1 OB 102.6 on the pullback.
2、#SPX
Daily chart
The daily order flow is downward, but a volatile upward structure is currently running.
The opening here last night did not fall below 3901. At present, the overall trend is good, and the hourly order flow is still upward, so there is still a probability of testing 4016 and 4080 again.
Waiting for the market to open on Monday.
Still, if it falls below 3901, we will have to look at the test of the previous low again. There is a high probability that it will fall below and continue to follow the daily downward structure. The target will first be 3765 and then the daily range-L 3642.
3、#ES1!
Hourly chart
Hourly order flow upward.
Here, RANGE-eq is supported, and range-H is tested upward, causing structural damage.
Let's wait for Monday to see if it can continue upward and test the H4 bearish OB again.
3. Cryptocurrency Market Analysis
1、#BTC
Daily chart
Daily order flow is upward.
Here, the price oscillates in a high range at the top, and this section is actually located in the discount area on the left.
The upper target focuses on the test of EQ 29560, which is also the bearish OB on the weekly chart.
There is nothing much to say at the macro level. The orders are flowing downward, waiting for the direction to be chosen after breaking through the range.
There is a feeling of a short-term fishtail market here.
H1 Chart
The hourly order flow is downward, and here we build a range around 26586-28869.
Yesterday, as DXY rose, BTC did not go up to eat the upper liquidity, but continued to fall. Here it fell below the rising OB and inserted a needle downward to form EQL.
It's the weekend, and it's up to the market again. The upper target here is the range-EQ test, but if it's 27,800, it will still go down in the current range.
Pay attention to hunting range-L below, and observe the activation of bullish OB long position in H1.
M5 Chart
Order flow is downward.
Here, we can see that yesterday’s pullback was rejected after the European session opened, and it continued to fluctuate downward. Then the US session closed and continued to push for another wave of decline.
Here, it retraces to the bottom M15 OB to form EQL and then moves upward, but it is rejected by the M5 bearish OB. When it retraces, we will first look at the test of 27270 M5 OB.
Observe that it holds up and then go long, and continue to look upward for the range-eq test above.
If it falls below that, it depends on the hunting of EQL and range-L.
2、#ETH
Daily chart
Daily order flow is upward.
ETH builds an MTF-range around 1461-1742, builds a deviation zone downward, and then breaks through range-H upward.
Then build a LTF -range of 1718-1841 in range-H.
Wait for the direction to be chosen and broken through, and continue to look upward for the 2020 test.
If it falls below, then we will distribute it from the top and first look at the retracement test of EQ.
Hourly chart
Hourly order flow
ETH Here we build a shock range around 1718-1841.
After hunting downward to obtain liquidity, it directly hunted upward range-H.
After falling back to the 1790 BK position, it will also fluctuate upward.
It still fell back but did not break 1790 and is still looking upward to test the range-H.
If it falls below, then it will enter a downward structure. Let’s first look at the OB test of 1750 which started yesterday.
3、ETH/BTC
Hourly chart
Hourly order flow upward.
There is no change, and it continues to fluctuate in the discount zone. We need to wait for a breakthrough of 0.066730 before the big structure is destroyed and the rising structure is confirmed.
Related PA Transaction Terms
EQH = Equal High
EQL = Equal Low
FVG - Fair Value Gap
HL - Higher Low
HH - Higher High
LL - Lower Low
LH - Lower High
HTF - High Time Frame
LTF - Low Time Frame
MS - Market Structure
OB - Order Block
IDM-Induction Point
MSB, BOS, COS, CH structure destruction
