Friday Daily Trading Record Rebound Breakthrough Key Resistance Not Shorting for Now
U.S. stock market opened with all three indices up, cryptocurrency prices continue to rebound upwards. The overnight short position still couldn't hold the pressure at the 98000 mark, unfortunately, the stop loss was executed.
The key focus for the evening needs to be on the stabilization at the 98000 line. Historically, Friday's market generally tends to show a unilateral trend, so there is still upward rebound strength in the evening.
From a technical structure perspective, the daily level has already broken through the pressure of the middle band of the Bollinger Bands, and the price has also entered the upper band zone. The MACD on the sub-chart has completed a reduction in bearish volume, and after the dual moving averages moved below the zero axis, they have started to turn upwards. The price still has the momentum to continue rising.
During the upward movement, do not chase directly, wait for a pullback to the short-term support level before going long! Focus on the 97300-96500 area to make a move!
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