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After two days of consolidation, the market did not show significant fluctuations. The coin price continued to fluctuate around the 26300 range, with a range of no more than two hundred points. Yesterday, the market briefly rebounded and repaired after retracing to the low of 26088, showing a weak structural trend overall. The short-term rebound was relatively weak, and the bearish view remains unchanged in terms of operation.
From the 4-hour technical indicator chart, the price found support at the midline after experiencing a high and then a pullback. Subsequently, a small rebound and fall occurred, leading to further opening of the downward channel. Bullish momentum weakened and gradually turned bearish. The moving average also turned downward from the top, and the wide-ranging oscillation trend in the short term continued. Further downside is expected. Although the short-term performance is slow and limited in strength, we will continue to focus on the oscillation pattern and maintain a bearish view.
Morning personal operation suggestion for the coin:
Short near 26200-26300, target 26000-25800
Lao Zhu trades short-term every day and provides the latest market information interpretation. If you are not good at reading candlestick charts and cannot determine the direction, you can follow him!
- I am Zhu Zhengting, a teacher specializing in technical analysis. Friends who have any questions about operations or trends can communicate and learn with me! Let's communicate and profit together!
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