Good evening to all my friends in the crypto community, I am your trading goddess Man Shuang! Looking at the four-hour chart, the recent K-line shows a continuous downward trend, especially the sharp decline on the 7th and 8th. Recently, a strong resistance level has formed around 95,000, with multiple attempts to break through failing. The MACD continues to decline, with both DIF and DEA in negative territory, and the gap is gradually widening, indicating strong bearish momentum. The current RSI value is 32.3, close to the oversold zone but not yet entered, indicating a potential short-term rebound demand. The current price is below EMA7, EMA30, and EMA120, showing a clear downward trend. EMA7 has quickly crossed below EMA30 and EMA120, further confirming the downtrend. On Thursday, Man Shuang hit the orange five-plate drop at 7325 points, sweeping away the previous day's gloom! Here, no one is a hundred percent victorious. In trading, we discuss strategy decisions, disciplined execution, and profit-loss risk control. $BTC $ETH $XRP
For the midnight short-term approach, given the current situation near the double bottom position, one may consider shifting strategies to attempt to enter a long position. On Thursday midnight, the big coin attempted a long position relying on the low point in the 92500-93200 range, and if it sees a pullback to the 91500-90500 range without breaking it, add to the long position; if it breaks, then stop loss. Simultaneously, for short-term trading, look first at 96000, followed by the 97500-98000 range. For Ethereum, similarly, consider 3250 as strong support for a long position, first looking for a bounce around 3380, followed by the 3430 line.