In the last 24 hours, it dropped from 11.73 to 11.00, then bounced back to 11.48 and is stuck in a narrow gap between MA5=11.54 and MA20=11.45.
Trading volume: 520 million USDT, only about 60% of the 20-day average. The price went back, but the volume didn’t follow. This rebound looks fake to me.
RSI=51.9—neither here nor there. MACD is hanging on the long side, but DIF=-0.0026 is clinging to the zero line. The Bollinger Bands are biased upward; the width has narrowed to 6.3%. All indicators are in an equal-volume state.
Down near 11.00–10.94 it got hammered repeatedly, but support still holds up. The trapped-sell zone at 12.59–12.62 is packed with stuck positions—an immovable hard wall.
For the morning session, I expect range trading. Only once it builds volume and stands above 11.54 will it count as turning stronger; otherwise, if it keeps compressing, we can just wait for the sell-off to show up in the afternoon.
My plan: pull back to 11.20 to enter long. If it breaks 10.90, I’ll admit I was wrong and cut. Then, at 12.59, I’ll trim positions. If volume shrinks to below 0.5x the average again, I’ll abandon this trade outright.
I’ll try with a light position. If I lose, then you can blame me for being impatient.
#BTC #ETH #LINK #币圈 #Market analysis
Trading volume: 520 million USDT, only about 60% of the 20-day average. The price went back, but the volume didn’t follow. This rebound looks fake to me.
RSI=51.9—neither here nor there. MACD is hanging on the long side, but DIF=-0.0026 is clinging to the zero line. The Bollinger Bands are biased upward; the width has narrowed to 6.3%. All indicators are in an equal-volume state.
Down near 11.00–10.94 it got hammered repeatedly, but support still holds up. The trapped-sell zone at 12.59–12.62 is packed with stuck positions—an immovable hard wall.
For the morning session, I expect range trading. Only once it builds volume and stands above 11.54 will it count as turning stronger; otherwise, if it keeps compressing, we can just wait for the sell-off to show up in the afternoon.
My plan: pull back to 11.20 to enter long. If it breaks 10.90, I’ll admit I was wrong and cut. Then, at 12.59, I’ll trim positions. If volume shrinks to below 0.5x the average again, I’ll abandon this trade outright.
I’ll try with a light position. If I lose, then you can blame me for being impatient.
#BTC #ETH #LINK #币圈 #Market analysis