【Tuesday morning mainstream market analysis】
Timely capital preservation and defense turned to offense, the decline continued, and the daily level showed a phased retracement structure. Today, we will continue to arrange around the rebound short.
Recently, we have been emphasizing the current trend of bulls. There was a large-scale positive pullback last Friday, but it finally failed to return to the 65 position many times. In the case of weak pullback in the recent period, the voice of breaking the high has become weaker and weaker. The daily line has well confirmed the reversal of the trend.
The 4-hour line is also in line with our expectations from the overall point of view. The shorts continue to increase the volume and close the negative column. This lack of pullback strength and momentum undoubtedly increases the possibility of continuing to fall today. At the same time, we also need to note that the market volatility in the past two days is relatively small. Even if there is a rebound during the day, it is not appropriate to expect too high a position. Based on the rapid pullback during the previous decline, we need to be alert to the risk of rebound after touching the support level below, but at the same time, we must also be prepared to fall further after breaking down.
Therefore, today's currency price is expected to continue the previous retracement trend and test the support level below. In the short term, focus on the 64-line suppression belt as a defensive point, and look for a downward decline around the suppression. The main support points below are 61, and after breaking 62, pay attention to the previous low point of 60! !
Band operation suggestions
Short near 64
Target 62-61
Defense 65
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