What is divergence?

In the current market, each level has its own trend and ideas. For example, from the monthly line (Figure 1), the big cake is walking in the downward channel line, and the retracement has not touched the middle track of the monthly Bollinger band. MACD is about to form a dead cross.

For example, from the three-day line (Figure 2), the price has been a positive line for 9 consecutive days after the Yin column engulfed it, but the MACD of the attached indicator has also quietly turned to the short side.

For example, from the daily line (Figure 3), after the price fell from the top, it completed the Morning Star signal at the 60k integer level. The MACD short-selling momentum weakened, and there is a possibility of interweaving downward to form a golden cross again.

Finally, looking at the 12-hour line (Figure 4), it is also very rare for the price to fluctuate in the middle track. At present, the dead cross of the MACD below is also sticking to form a golden cross, but this kind of market is just like this. It will turn around at any time.

So Therefore, in the current market, I think the liquidity of the market will become very poor. The number of newly opened contracts is only some short-term ones, not to mention the spot. Except for those who are selling, they are waiting for a higher price to sell (after all, there is a saying that the big pie will rise in October, but it is a waste of time).

Almost no one buys this button, and everyone wants to do contracts, but in a market without liquidity, contracts can only be reduced to a tool for shock washing

In the short term, the price still did not fall below 62k, and it still rebounded in the four-hour chart. Such a rebound is usually accompanied by some pin-pointing behavior, so before Thursday's CPI, I think the market is still in a shock period

But the range is not like a bear market, it will last for a long time. Sometimes you think the range is right, and he will give you a false breakthrough, which is really difficult to deal with