In the four-hour view, the Bollinger Bands are closing, the three tracks are upward, the currency price is running between the middle and upper tracks, the bulls are slowing down, the KDJ three-line golden cross, but it has not diverged, the bulls may not be strong enough, the MACD double lines extend upward, but the volume is severely reduced!
From the overall market, Yu Yang believes that the market is biased towards the bulls, but the strength is slightly insufficient, and it may still need the stimulation of news or the pressure is strong and needs to accumulate strength to break! Therefore, Yu Yang recommends to go long after stepping back during the day!
The short-term pressure on the upper side is in the 58500-58800 area. If it breaks, it will be around 59000 and 59800. The support below is 55600 and 56200.
Daily thinking:
Big cake 58800-58500 interval layout 🈳, defense belt 600 points, target 57000-56500$ETH
Big cake 56000-56500 interval layout, defense belt 600 points, target 57800-58300$BTC
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