I originally thought that Thursday daytime would again be a shrinking-volume, grinding session.
Instead, a single bullish candle pushed it up to 69,600—up 8.28% within 24 hours.
RSI 77.7—overbought.
MA5 66,218, MA20 64,478, MA50 64,218, with the price sitting entirely below/under them.
The upper Bollinger band at 68,027 was pierced.
With RSI overbought and the moving averages lined up against it, I’ll trust volume and price action first.
The volume ratio is only 0.7, and turnover is 2.305 billion yuan.
A shrinking-volume push to above the upper band—so close to the finish line.
Fear and Greed Index +16 in a day, reaching 62; sentiment is front-running.
Above, 69,894 and 70,000 are double resistance—previous highs plus the round-number level.
Below, 61,307 is the previous low; 61,545 rests on it, forming a support band.
Break directly above 70,000? Then the volume ratio needs to expand to at least 1.5.
Turn around? First you have to fall below 66,218, and then MA5 becomes resistance.
Most likely: range-bound consolidation at the highs, waiting for MA5 to catch up.
Medium-term bias is bullish, but chasing higher isn’t worth it.
I plan to buy around 66,218 on the pullback, with a stop-loss at 64,300 and take-profit at 70,000.
Don’t follow my trades—I often misjudge.
Volume ratio is 0.7—who’s selling?
#BTC #ETH #比特币 #币圈 #行情分析
Instead, a single bullish candle pushed it up to 69,600—up 8.28% within 24 hours.
RSI 77.7—overbought.
MA5 66,218, MA20 64,478, MA50 64,218, with the price sitting entirely below/under them.
The upper Bollinger band at 68,027 was pierced.
With RSI overbought and the moving averages lined up against it, I’ll trust volume and price action first.
The volume ratio is only 0.7, and turnover is 2.305 billion yuan.
A shrinking-volume push to above the upper band—so close to the finish line.
Fear and Greed Index +16 in a day, reaching 62; sentiment is front-running.
Above, 69,894 and 70,000 are double resistance—previous highs plus the round-number level.
Below, 61,307 is the previous low; 61,545 rests on it, forming a support band.
Break directly above 70,000? Then the volume ratio needs to expand to at least 1.5.
Turn around? First you have to fall below 66,218, and then MA5 becomes resistance.
Most likely: range-bound consolidation at the highs, waiting for MA5 to catch up.
Medium-term bias is bullish, but chasing higher isn’t worth it.
I plan to buy around 66,218 on the pullback, with a stop-loss at 64,300 and take-profit at 70,000.
Don’t follow my trades—I often misjudge.
Volume ratio is 0.7—who’s selling?
#BTC #ETH #比特币 #币圈 #行情分析