Catching a plane, long story short,

Although the market has rebounded in the short term under market sentiment, and even directly broke through the key position of the Bollinger Band midline of the daily trend, it is still not too optimistic.

For an increase dominated by emotions, it is actually simple to break through. After all, emotions are accompanied by a short-term burst of buying volume.

The difficulty is whether the subsequent market bullish sentiment will continue to ferment and continue, and cooperate with trading volume and funds to keep the price stable or even break through again.

We talked about this issue last week. Under the premise of a tense environment, the price broke through the safe position of the daily trend several times, but it was also unstable several times, and after the sideways movement could not break through, it was often accompanied by a short-term continued decline. This also shows that in the market sentiment, once the bullish sentiment is difficult to continue, the bullish force is weak and lacking.

Time is limited, so it’s okay to look at the flow of the market and funds. Everyone pays attention to the key position of the breakthrough. Looking at the picture, a breakthrough near 65,500 may better stimulate buying volume. At the same time, breaking through and standing firm at this position, the explosiveness of the bullish force can be effectively tested.

Don’t be blinded by short-term breakthroughs. If possible, check the market’s trading volume data and the flow of funds in mainstream stablecoins.