The daily K-line has formed a doji star pattern, and the horizontal support at the neckline level has once again withstood the test. Additionally, from the perspective of the daily RSI momentum, there is limited space below, and there is a need for an upward turn to recover. Before a breakdown occurs at this critical position of 9.2 without a rebound being obstructed, it is not advisable to pursue short positions.
From the analysis of the 30-minute trend structure after 9.22, there is a possibility of forming a short-term bottom. Although the trading volume has begun to decrease during the adjustment process, based on a comprehensive assessment at the daily level, the cost-effectiveness of going long in the short term is relatively higher.
If you want to delve deeper into the crypto space but can’t find a clue, and want to quickly understand the information gap, whether it's contracts or spot trading, you can 👉 learn more in my profile.
