Although the market has rebounded in the short term under market sentiment and even directly broke through the key position of the Bollinger Band midline of the daily trend, it is still not too optimistic.
For the rise dominated by emotions, the breakthrough is actually simple. After all, emotions are accompanied by a short-term burst of buying volume.
The difficulty is whether the subsequent market bullish sentiment will continue to ferment and continue, and cooperate with trading volume and funds to keep the price stable or even break through again.
Last week we talked about this issue. Under the premise of a tense environment, the price broke through the safe position of the daily trend several times, but it was also unstable several times, and after the sideways movement could not break through, it was often accompanied by a short-term continued decline. This also shows that in the market sentiment, once the bullish sentiment is difficult to continue, the bullish force is weak and lacking.
Time is limited, so it’s okay to look at the flow of the market and funds. Everyone pays attention to the key position of the breakthrough. Looking at the picture, a breakthrough near 65,500 may better stimulate buying volume. At the same time, breaking through and standing firm at this position, the explosiveness of the bullish force can be effectively tested.
Don’t be blinded by short-term explosive breakthroughs. If you have the conditions, look at the market’s trading volume data and the flow of funds of mainstream stablecoins.
If you want to know more about the currency circle and get first-hand cutting-edge information, please follow Tianmeng. Junyangli publishes market analysis and recommends high-quality potential currencies every day. #Meme币你看好哪一个? #GameStop带动Meme板块 #PEPE创历史新高 #美国4月CPI数据回落 #5月市场关键事件