The daily closing of the big cake line has been oscillating to the extreme for 20 days, with a range of only 2,000 points. Yesterday's article mentioned four types of wash-out techniques, which belong to grinding wash-out and oscillating wash-out. The method is that the B price oscillates repeatedly in a certain range, and investors are washed out over time. The main force uses a combination of pull-up, grinding and suppression to wash out the market. This washing method will make investors confused about the main force's direction, thereby forcing retail investors to leave the market.
In the altcoin sector, RWA+Defi and COMP performed best in the DeFi sector some time ago, and there are still opportunities for short-term trading in the future; FTT doubled after the FTX restart concept, and SOL has also been doing well in the past few days and can be continued; in the POW concept, BCH performed well. Recently, the rotation of the altcoin sector has not been strong.
ETH/BTC exchange rate rebounded quickly for 4 days before continuing to fall. The entire exchange rate is still running in a downward channel, and the risk is still relatively high.
Flatbread
Daily Line
BOLL price line is operating in the upper channel, and the MACD underwater column is shortening and the speed line is turning downward. The OBV indicator crossed the yellow line yesterday and stepped back today. If it can step back and support today, the short-term trend is still bullish, and the volume will increase. The price line is supported by MA20. Pay attention to whether CPI can support it tonight.
4 hours
The price line is running on the middle track of BOLL, and a triangle pattern appears in 4 hours. Continue to sell high inside the triangle or wait for the triangle to break through. If it stands above the three moving averages in 4 hours, there will be some support in the short term. Just buy low based on yesterday's idea. The precaution is to stop loss if it falls below 29500 (spot idea contracts need more precise solutions)
ether
Daily Line
Ethereum rebounds weaker than Bitcoin. Multiple rebounds have been suppressed by the middle track. It is possible to return to the bottom of the box. At present, there is pressure on the market and support on the bottom. Long positions must stand back to 1900, and the current bias is bearish. The daily line has a triple bottom divergence expectation.
4 hours
Although it is also operating within the BOLL middle track and has not recovered the first medium-sized negative line in the 4-hour decline, it is still weak. Pay attention to the 4-hour bottom rising trend line.
