01 Review of Yesterday

Yesterday's intraday trend was slightly different from expectations.

In the morning, the market fluctuated downward, and in the afternoon, it began to fluctuate upward. Although there was a sharp drop after the U.S. stock market opened, it quickly rebounded, ultimately closing with a bullish candlestick.

The overall trend remains in a high-level consolidation range, but price fluctuations have significantly increased, and short-term sentiment has been somewhat volatile.

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02 Today's Analysis

The current trend is still in a high-level consolidation phase, with intense short-term battles between bulls and bears.

There are only two days left until the end of the month, and the end of the month is typically a phase of concentrated option expirations, making price fluctuations easier to intensify.

In addition, at the beginning of next month, Dubai will host the TOKEN2049 summit, and there is a market saying that “prices always drop during conferences,” which should be noted moderately.

From a technical perspective:

The daily MA30 has turned upward, and the price is currently far from the moving average, indicating a need for a pullback correction;

MACD is above the zero axis, with the momentum bars continuing to strengthen, maintaining a relatively strong short-term trend;

If there is no effective breakout of the upper pressure within two days, short-term pullbacks should be watched out for.

In the medium term, the daily MA120 (around 91680) is an important support level.

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03 Key Ranges

Short-term support levels: 91650 / 88950 / 86120 / 82880

Short-term resistance levels: 96188 / 99700 / 102044

If the pressure at 96188 is broken, it could continue to rise and test the 99000 level, expected to oscillate within the 99000-96180 range.

The weekly trend remains upward, so pullbacks to support levels are still good buying opportunities.

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04 Today's Recommendation

Today's recommendation is to pay attention to VINE, which has high short-term capital activity and a strong trend.

Operating Strategy:

If mainstream coins maintain high-level fluctuations, consider buying VINE at lower prices, participating with a light position;

If the overall market weakens, it is necessary to control the position well to avoid blindly chasing prices.