#加密市场盘整

Monday: Afternoon bottoming repair, decline met resistance, turning bullish

Time passes bit by bit, but the market rhythm seems to have changed unconsciously. Don't be stubborn; the principle that not changing will lead to harm is as simple as it gets.

During the day, the market repeatedly tested the 93800 level but failed to break through effectively. After a prolonged consolidation at the bottom, it has shown signs of bottoming out and rebounding. Since the rhythm has changed, we must also adapt to the changes. No need to say much, just pivot.

From a technical structure perspective, on the four-hour chart, the weak trend continues to descend after a decline, with a battle between bulls and bears resulting in a low being met with resistance. There is a recovery and warming trend, with bullish volume showing a significant increase, and moving averages are consistently rising. In the short term, it has recovered and is moving higher. Currently, we are in a consolidation phase with a need for a pullback, but there are no signs of a further drop.

In the evening, we will first look for a pullback, then turn bullish to see a recovery.