Everyone will go through a particularly difficult time, facing the hardships of life, the disappointments of work, and the anxiety of love. If you can get through it, life will become clear and bright; if you can't, time will teach you how to make peace with them. So we must persevere, as the sun rises and sets, there will always be dawn!
Basically, yesterday's market trend was similar to our analysis, maintaining a low-level oscillation. After a rebound from the bottom, it reached a high of 115700, and is currently slightly retreating to around 114200. The oscillation in the market aligns well with the current market demand. In terms of operations, we suggested a short position near 115200 during the rebound yesterday, and we provided an entry point during the evening's rebound. Currently, this short position is in a floating profit state, so let's continue to hold it and wait for further reduction before arranging based on the actual market movement.
Returning to today's market, yesterday, in terms of liquidity, there was not a significant accumulation of long liquidity due to the short-term liquidity clearing intensity. Therefore, we believe the probability of market oscillation was higher yesterday, waiting for liquidity to regroup during the oscillation. Currently, in terms of liquidity, the long liquidity below is still greater than the short liquidity in the short term, with the main liquidity clearing intensity currently around 113000. If continuous clearing is triggered, a drop below 112000 can complete the clearing of short-term long liquidity. The current upper short liquidity intensity is mainly at 116200, and a breakout above 117500 can clear the short-term short liquidity. The key issue in the current market is the selling pressure from the spot market. From the spot premium situation, we can see that it has continuously entered the negative premium range, indicating that the selling pressure from the spot market has been suppressing the coin price. Therefore, it seems there is still room to move downward at this stage.
On the technical side, at the daily level, yesterday's candlestick closed with a small bullish candle, but it still hasn't stood above the MA7 line. Therefore, whether this short-term rebound can be established still needs further observation. Structurally, the two small bullish candles do not have subsequent support, so there are currently no signs of a bullish structure. In terms of technical indicators, MACD is still operating within a bearish cycle. After a continuous oscillation and rebound at the daily level, the MACD volume bars are beginning to converge. As for entering a bullish phase, it seems there is still some time to go, with RSI running downward in the middle position. At the four-hour level, structurally, the four-hour chart began to rebound after hitting the bottom. After reaching a high point, the candlestick formed a long upper shadow bearish candle at a high position, and then started to retreat to the current level. Currently, the four-hour moving average system is showing a chaotic performance, with various moving averages crossing each other, and the trend structure has not yet formed. According to the current operating rhythm, the bulls need to stabilize above 117000 to consider the recent adjustment pattern as concluded. On the downside, if it continues to decline, or even sets a new low, it would indicate a clear bearish running structure. In terms of technical indicators, MACD is moving into a bullish cycle during the rebound from the bottom. Currently, with the volume bars converging during the downward movement, there is still an expectation of a decline, and we will see when it arrives.
In terms of operations, the approach should remain consistent with yesterday's view, considering the weak oscillation situation. The short position near 115200 should be held at breakeven for now. For subsequent operations, a short-term long position can be initiated upon first touching around 113000. If it rebounds again, consider shorting near 116200. Under the current trend, maintain a primary focus on short positions.
Ethereum's rebound is slightly stronger than Bitcoin's. Currently, the 3745 position is a key price level. If it cannot break above, this will be the rebound high. If it successfully breaks through, this rebound could show sustainability and upward space. In terms of trading strategy, a short position can be attempted, as the stop loss is quite small.
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article is subject to review and publication, and market conditions change in real-time. The information may be outdated, and specific operations should follow real-time strategies. Feel free to contact us for market discussions.】
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