Yesterday’s price action was mostly range-bound. During the period, the combined intraday high-low swings cut a total of 3,030 points. The anticipated pullback didn’t come through; instead, the price first moved slowly higher to the target at 838. In the morning, price directly made a low from this level, cutting 800 points at the 830 support area. Although I missed the short, I caught the low-buy opportunity. Now it’s 9 straight gains… where is the 10th in the making?
Looking at the order book, this week after dropping from 849 to 825, the trend has continued to consolidate. It hasn’t broken above the overhead resistance, and it hasn’t lost the key support. There is selling pressure above and buy support below, so the long-versus-short battle has been quite intense. Ultimately, a breakout will occur in one direction; before that happens, we should go for high-buy low-sell. Once a breakout occurs, follow the move. For the bulls, there is strong support at 821; if that breaks, price may probe down from 810 to 803. For the bears, overhead pressure is at 842; if it breaks, price may probe from 851 to 863. Overall, in terms of the formation, the likelihood of the bears breaking out is higher. So the priority is to go low-buy and look for an upside move.
Around 829 to 826, look for 850 to 862.$BTC $ETH
#股票财报季 #QNT一周涨287% #特朗普拒绝AI监管改用自愿审计
Looking at the order book, this week after dropping from 849 to 825, the trend has continued to consolidate. It hasn’t broken above the overhead resistance, and it hasn’t lost the key support. There is selling pressure above and buy support below, so the long-versus-short battle has been quite intense. Ultimately, a breakout will occur in one direction; before that happens, we should go for high-buy low-sell. Once a breakout occurs, follow the move. For the bulls, there is strong support at 821; if that breaks, price may probe down from 810 to 803. For the bears, overhead pressure is at 842; if it breaks, price may probe from 851 to 863. Overall, in terms of the formation, the likelihood of the bears breaking out is higher. So the priority is to go low-buy and look for an upside move.
Around 829 to 826, look for 850 to 862.$BTC $ETH
#股票财报季 #QNT一周涨287% #特朗普拒绝AI监管改用自愿审计