Tuesday Orange Analysis:
From the current market situation analysis, this round of rise lacks strong and effective support levels, and has not experienced any significant correction. After being blocked several times at the upper level, it has broken through and accelerated downward. Currently, the decline has become quite obvious in terms of form. In this continuously breaking market, once the bearish forces are concentrated and released, there is still room for further decline!
From a structural perspective, we should follow the trend, adhering to the rhythm dominated by bears. A brief rebound is unlikely to change the current downward trend. The second drop from a high level is strong evidence. It is essential to remember that true support levels should accompany a strong rebound without significant retracement. If retracement occurs frequently, then it will be challenging to form a reversal trend structure. Therefore, current operations should still focus on short selling, first rebounding and then continuing to short!
The big coin rebounds to the 95000–96000 range, with a pullback to the 93500–92500 range!
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