Let's change our thinking and write a morning report
The market rebounded from around 9330 and is currently undergoing a strong adjustment phase after a low-level rebound.
We can determine that we are in a strong adjustment phase after a low-point rebound.
First, let's look at the daily k-line indicators, where the obvious high-level doji star indicates a potential top reversal signal? Next, let's check the secondary hourly level; the MACD indicator suggests that the bearish upward momentum is weak, and by monitoring the volume, we can see that the bears are starting to exert strength. The future trend may form a converging triangle.
Now looking at the moving averages, the current price is above EMA7,
indicating that the short-term trend remains predominantly bullish.
If the subsequent market stabilizes above 97400, we will likely reach 100000.
According to the logic of left-side trading, there are obvious signs of a top formation at 98662.
If the market does not move beyond this, we cannot determine whether it could develop into a double top structure; however, Zhenkang believes there are still opportunities to buy on dips during the session.
Currently, Zhenkang sees a low-entry point
around 98300 for shorts, targeting 97225. If the bearish strength is strong, we might break below 96800. We predict a high likelihood that buyers will exit, with the bears dominating the market. Next, we could reach around 95500.
If there are clear signs of support at 9700, we could reverse and go long, aiming to reach 99200.
In the short term, the second contract is expected to see narrow fluctuations, with a buy around 2700 and a target at 2765.
#btc走勢 #你看好哪一个山寨币ETF将通过? #BTC☀ #ETH #CardanoETF讨论 $BTC $ETH