If you missed the current bull market in the cryptocurrency circle, will you continue to speculate in the cryptocurrency?
I think most people will continue to stay in the cryptocurrency circle, because the cryptocurrency circle is a hope, a hope that allows people to cross classes, so many people come in and don't want to leave, they just want to be free before leaving. However, most people cannot be free, and they will not make money. Because there are too many abilities required to make money in the cryptocurrency circle, most people do not have them, and they may not have them no matter how long they stay.
Let's analyze the market situation this week:
In terms of fundamentals, pay attention to the release of CPI data on Thursday, which will involve inflation and interest rate cuts in the future.
From a technical perspective:
After three consecutive positive weekly lines, the positive volume has shrunk, and the bullish momentum has weakened; last week, the volume fell sharply, and the BOLL band middle track was barely maintained. This week, we need to pay attention to the gains and losses of the middle track, which is the key to choosing the direction of the future market.
Yesterday's daily line closed with an inverted hammer negative line, the K-line pattern was bearish, and the middle track of the BOLL band restricted the bull rebound; in the overall trend, the three tracks of the BOLL band tended to flatten, and the technical side tended to be range-bound, with the upper and lower edges corresponding to the recent high and low points of 66000 - 60000, respectively, and the latter was supported by the EMA moving average.
In the 4H chart, yesterday's high point touched the high chip pressure area of the volume distribution chart, and 64500 became a short-term long obstacle. The chip concentration area is around 60800, because it is close to the recent low of fibo0.5 + 60000, there is a certain short-term long order opportunity. Gann angle line shows that the price did not run according to the adjacent area after breaking the angle line. With the downward movement of the running range and the reverse suppression of 3/1, it is necessary to be vigilant about the risk of further testing the lower angle line.
In summary, the short-term technical trend has both favorable and unfavorable effects on bulls. There is technical support below, but the strength of bulls is weakening. You can still refer to important points for related transactions.
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