Jiahao’s Friday Thoughts Sharing
Yesterday, the big coin started a round of rapid upside move around 77,000, breaking above 82,000. In the short term, the market’s long sentiment was greatly activated.
However, the price did not hold firmly at the high level. After surging to the top, it quickly pulled back. It is currently in a consolidation range around 80,800, showing a typical “sharp rally–pullback” pattern.
This round has switched from consolidation to a volume-driven rally. More than anything, it is a pulse move triggered by news catalysts. Meanwhile, the short positions being liquidated in clusters has forced short-covering. Passive buying and active buying have resonated together, which has temporarily pushed the price higher. This is not a trend-based start where long-term incremental capital is orderly entering the market.
From the four-hour chart, after the price surged higher, it closed near the upper band of the Bollinger Bands. The Bollinger channel has widened. The higher time-frame structure remains bullish overall.
That said, the KDJ indicator has already entered the overbought zone. After the short-term fast rally, upside momentum is clearly overextended. There is a need for pullback and repair in the price action, along with high-level consolidation to digest profits.
At this stage, chasing longs directly at the highs offers very low cost-effectiveness, and the risk-to-reward ratio is not favorable. The market’s attention is generally focused on the Non-Farm Employment data this evening. There are strong uncertainties in the macro variables. It is recommended to stay on the sidelines and wait patiently for the data to be released before planning the next trading direction.
Trading plan:
Big coin: near 81,500–82,000, short. Target: 80,000. If it breaks, continue looking down to 78,800.
Ethereum: near 2,480–2,500, short. Target: 2,400. If it breaks, continue looking down to 2,350.
#美国10年期国债收益率创2023年11月新高 #英伟达129亿美元收购HuggingFace $NVDAB $AAPLB $BTC
Yesterday, the big coin started a round of rapid upside move around 77,000, breaking above 82,000. In the short term, the market’s long sentiment was greatly activated.
However, the price did not hold firmly at the high level. After surging to the top, it quickly pulled back. It is currently in a consolidation range around 80,800, showing a typical “sharp rally–pullback” pattern.
This round has switched from consolidation to a volume-driven rally. More than anything, it is a pulse move triggered by news catalysts. Meanwhile, the short positions being liquidated in clusters has forced short-covering. Passive buying and active buying have resonated together, which has temporarily pushed the price higher. This is not a trend-based start where long-term incremental capital is orderly entering the market.
From the four-hour chart, after the price surged higher, it closed near the upper band of the Bollinger Bands. The Bollinger channel has widened. The higher time-frame structure remains bullish overall.
That said, the KDJ indicator has already entered the overbought zone. After the short-term fast rally, upside momentum is clearly overextended. There is a need for pullback and repair in the price action, along with high-level consolidation to digest profits.
At this stage, chasing longs directly at the highs offers very low cost-effectiveness, and the risk-to-reward ratio is not favorable. The market’s attention is generally focused on the Non-Farm Employment data this evening. There are strong uncertainties in the macro variables. It is recommended to stay on the sidelines and wait patiently for the data to be released before planning the next trading direction.
Trading plan:
Big coin: near 81,500–82,000, short. Target: 80,000. If it breaks, continue looking down to 78,800.
Ethereum: near 2,480–2,500, short. Target: 2,400. If it breaks, continue looking down to 2,350.
#美国10年期国债收益率创2023年11月新高 #英伟达129亿美元收购HuggingFace $NVDAB $AAPLB $BTC
