1/4 Mainstream Coin Analysis
The midnight market attack has shown signs of weakness, failing to reach the expected 100,000 mark again, but still providing a long range of over a thousand points, peaking around 99,000. Subsequently, it faced pressure at this level and experienced a pullback, currently fluctuating around 98,000. The strategy we publicly shared yesterday indicates that the large coin is at 2,500, and the indicator is at 150.
From the current market perspective, the market is in a corrective recovery phase after a stretch. The upward movement in the midnight session did not see much continuation. From the hourly level, we can see that a MACD dead cross has formed at a high position, and the volume of the upward stretch has ended, leading to a slight pullback seeking support below. We should first pay attention to the support strength at the 97,400 level. The daily level has formed four consecutive bullish candles, showing extremely strong momentum, and is still within an upward trend. The trading sentiment over the weekend is poor, and without volume support, it is difficult to establish a one-sided trend. On the orange line, we will first look for a pullback before entering a position at the lower level.
Large Coin: 97,200~97,500, targeting upward at 99,000.
Indicator: 3,540~3,560, targeting upward at 3,660.
