Coin Circle Ye Qiu: When will the 4.12 oscillation range break?

Yesterday, the overall market continued to oscillate, and the low point of the oscillation range moved above 69500. Although it surged to near 71400 several times yesterday, it was ultimately suppressed. Later in the evening, it oscillated and fell below 70,000, stabilizing near 69600, and temporarily turned positive at the end of the session. This was mainly due to the influence of M stocks. Indeed, yesterday's trend seemed to give many people the wrong impression, and I believe those who watched the market online deeply understand this.

The breakthrough of the oscillation range can bring about a release in the trend after the breakthrough. Therefore, it is still necessary to pay close attention to the breakthrough status of the 71500 and 69500 ranges today to make judgments. Although there were some gains from going long yesterday, without a breakthrough, the space is limited. A little shake might be healthier. The 4-hour Bollinger Bands are further narrowing, and the rhythm of the oscillation upward is gradually unfolding. If the corresponding direction emerges today, the future market will be clearer. Looking at the daily chart, the Bollinger Bands are converging and narrowing, and a breakthrough is imminent. Be prepared to embrace the huge space brought about by the breakthrough of the daily chart.

In terms of operation, pay attention to the situation of pressure breakthrough in the short-term range, and prevent significant pinning behavior at the daily level. Therefore, long positions near 69800 need to make corresponding reductions for protection. In the short term, it is advisable to go long around 70500, to seize the inertial trend brought about by breaking the upper range pressure. The upper rail of the daily chart is at 72400. If 70500 cannot break through and open the daily chart pattern, consider attempting to short. Adjourn the meeting.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。