Yuelin: Long-term view next week! Heavy hits coming!
The sequelae after the election are still quite strong. The market once broke through the high of 93,300 and formed a wide range of tug-of-war. Since the beginning of this week, the market has continued to rise. After reaching the 93,300 area in the middle of the week, a tug-of-war has formed. The short-term rhythm of long and short has switched back and forth, without much continuation. In this week's market, it is basically based on low and long, and it has taken up a lot of space, which is also a perfect ending.
In the long-term thinking last week, Yuelin also suggested that the target is 80,000, but the market has soared all the way under the influence of Trump, directly exceeding expectations. The bullish trend during the day basically ate up all the gains this time. At present, the market sentiment has converged, and there is stagnation at high levels. It is expected that there will not be too many unilateral trends next week. If the market cannot fall back effectively, it is likely to be dominated by a tug-of-war trend. The retracement can still be treated as a continuous trend!
First of all, the weekly chart shows that the continuous upward movement of the big positive is stretched, and the K-line entity is full of energy, but there is an overbought phenomenon in the short term, and the indicator cannot keep up with the price trend. Therefore, in this case, the market is likely to have a correction. So in the next week's trend, I am not optimistic about the unilateral rise, and I am more optimistic about the market's correction. It can be seen from the daily chart that stagflation has appeared at high levels, and the current trend has formed a long-short conversion method. This kind of trend is obviously a process of high-level shock repair. Blindly following the unilateral trend will only hurt yourself. So from the perspective of the main structure, the unilateral rise has ended. The first thing to pay attention to is the decline of the market, and the second is the proper adjustment.
Yuelin's long-term operation suggestions:
BTC: 88000-89200, target 94000-97000
Steady people enter at 87000, defense 85000
ETH: 2950-3050, target 3300-3500
Steady people enter at 2900, defense 2850
The bull market has officially begun. Last week, I followed Yuelin's ideas all the way and landed. Don't hesitate to see the trend. Although there is a need for a retracement in the short term, Trump will definitely take action in the long run. Bitcoin will be set at 100,000 before the end of the year. As I said, professional matters should be left to professionals. For friends who are not sure about the short-term layout, you can pay attention to Yuelin as soon as possible and give two or three benches before Monday to enter the next stage of layout.
