On Thursday and Friday, the US stock market fell sharply, and ETFs were all net outflows, but the big and second cakes were very strong and had been fluctuating in a wide range. This is not a normal signal. Be careful of the possibility of a deep correction next week.
We also detected that multiple high-throw addresses were being transferred in, from 34 to the second assault to 32. The second cake was slightly tired. If we look at the third brother and the big cake at this moment, I am afraid that the correction is just around the corner.
From the daily chart, the overall market continues to run above the MA256 daily moving average (3060). If it fails, it will fall into a correction test of the weekly MA30 moving average (2960). It is still bearish at present, and the break will see 2885.
That is to say, we may make a slight long position at 2885. At this moment, we still have a short position at 3211. The corresponding big cake has repeatedly hit 915 and has not stabilized. It has tested the support of the range of 86 to 87 once. If it breaks, it will dive to the beginning of 7.
Since the ETF was connected, the volatility of the big cake and the second cake has become extremely large. What used to be completed in a week has now been completed in one day. At present, I am still bullish in the long run, but there are still 2 months before Chuanzi takes office. I hope everyone can keep their chips and wait for the arrival of the bull market.
Open short position: 3200 can be lightly shorted if it does not break, short-term support can be stopped if 3000 is not broken, and medium-term support can be 2885.
Open long position: 3035-3015 to open long, 3000 is broken and stop loss is directly stopped, support is up to 3060-3100.$BTC