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Mingjie: The afternoon market fell back to the support level, and will rebound again after stabilizing!

CN
明杰谈币
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2 years ago
AI summarizes in 5 seconds.

This week is coming to an end. After consecutive pullbacks on Monday and Tuesday, the following days have been mostly characterized by oscillation. It can be seen that today's market is relatively stable. After a midday decline, it stabilized and rebounded again above the previous oscillation range. Today, Bitcoin also gained 800 points, and Ethereum gained 55 points. Let's fear not the future, forget the past, and bravely move forward together to embrace this colorful world!

From the current market structure, oscillation remains the main trend, with support gradually forming below. After the midday pullback, the bottom position has been confirmed. Looking at the hourly chart, the midday pullback to the lower Bollinger Band has formed support, and the market is gradually stabilizing. Based on the current situation, the market is expected to rebound again in the afternoon, so we can participate with a long position at a lower level.

Bitcoin strategy: Go long near 66800, target near 68000 Ethereum strategy: Go long near 3260, target near 3333

For more information, follow Mingjie's official account

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Selected Articles by 明杰谈币

1 year ago
Mingjie: Will the $9 billion sell-off come? How big of an impact will it have on the market?
1 year ago
Mingjie on AICoin: The bulls were strong in the morning session, and continued to be bullish after a pullback in the afternoon!
1 year ago
Mingjie: Currently bottoming out, continue to short near the resistance of the rebound in the morning!
View More

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