Yesterday, the market once again broke the high point, reaching around 95758, but did not continue to our target of 96500. Throughout the night, the market fluctuated with high points continuously lowering, but it has not yet broken the previous highs. Let's take a look at today's market.
Looking at the daily level, we have seen seven consecutive upward days. Yesterday's closing broke the high point and then retreated, forming a large doji. The market today is perplexing, as it can go either up or down. From the KDJ and RSI indicators, we can see it has entered the overbought zone and has shown warning signals. We will see if today's MACD will move down.
At the four-hour level, after the breakout, it has entered a divergence pattern again. We should observe whether the MACD pullback here will lead to a market pullback or if it will behave like before with a sideways drop.
At the one-hour level, the market is still at the upper Bollinger Band. The position we need to focus on at this hourly level is the retracement of the Vegas channel, where there is room for a decline. The fifteen-minute chart is forming a triangular convergence, and we expect a direction to emerge in the afternoon.
In terms of operations, Long Brother has chosen to short-term short. The medium and long-term long positions from the counterfeit have temporarily taken profits, waiting to re-establish positions at support. $BTC #比特币市值排名
Upper pressure: 95100-96000
Lower support: 94400-93950