That yesterday’s daily K line: the upper wick reached 79,500, the lower wick probed down to 62,275, and it closed at 77,034.
The lower wick is longer than the upper wick by a notch.
Right away, someone shouted that RSI 83.9 is overbought—that this is the top.
But the volume ratio is only 0.6. With this kind of volume, you’re telling me this is distribution?
A real top is formed when volume picks up and you see a sell-off dump. Here, the volume isn’t enough.
On the daily chart, the MACD is still bullish; price is above MA5, and MA20 at 67,457 is acting as support.
On the 1-hour and 15-minute charts, it really did turn bearish. MACD is bearish, and RSI dropped to 45.8 and 48.7.
This is a short-term pullback, not a daily trend reversal.
Daily signals say stay long; shorter timeframes are short, so I’ll go long.
Key resistance is 79,500—the 24-hour high. It hasn’t broken through on the previous attempts.
Key support is 76,640, where MA5 is pinned.
Only if it breaks below 76,640 will the short-term be considered weak.
I plan to wait for a 15-minute MACD golden cross, then enter long around 77,200.
Stop loss: 76,400. Take profit: 79,500.
This is just how I’m handling it. If I’m wrong about the direction, I’ll admit it.
Leave the take-profit order set, shut my computer, and go out to eat.
#BTC #ETH #比特币 #币圈 #行情分析
The lower wick is longer than the upper wick by a notch.
Right away, someone shouted that RSI 83.9 is overbought—that this is the top.
But the volume ratio is only 0.6. With this kind of volume, you’re telling me this is distribution?
A real top is formed when volume picks up and you see a sell-off dump. Here, the volume isn’t enough.
On the daily chart, the MACD is still bullish; price is above MA5, and MA20 at 67,457 is acting as support.
On the 1-hour and 15-minute charts, it really did turn bearish. MACD is bearish, and RSI dropped to 45.8 and 48.7.
This is a short-term pullback, not a daily trend reversal.
Daily signals say stay long; shorter timeframes are short, so I’ll go long.
Key resistance is 79,500—the 24-hour high. It hasn’t broken through on the previous attempts.
Key support is 76,640, where MA5 is pinned.
Only if it breaks below 76,640 will the short-term be considered weak.
I plan to wait for a 15-minute MACD golden cross, then enter long around 77,200.
Stop loss: 76,400. Take profit: 79,500.
This is just how I’m handling it. If I’m wrong about the direction, I’ll admit it.
Leave the take-profit order set, shut my computer, and go out to eat.
#BTC #ETH #比特币 #币圈 #行情分析