4.30 Initial Analysis of Afternoon Thoughts
Today, the big coin has been consolidating around 950 in the morning. Our short position has been established, and I firmly believe in the principle that prolonged sideways movement will eventually lead to a decline. The current volatility is quite low. Patience is crucial at this time; pay attention to the performance of the upper trend line and various indicators to determine the direction, and make sure to maintain proper defense, adjusting flexibly according to market movements.
From a technical perspective, the overall trend remains a high-level oscillation. On the daily chart, there is a long upper shadow, indicating significant resistance above. The RSI is close to 50, not entering overbought or oversold territory, and is neutral. Given this, I personally believe it will rise first and then fall, as it struggles to break through the 955 and 960 levels.
The big coin rebound target is around 960-950.
Look for the 940-436 line.
The altcoin rebound target is around 1850-1830.
Targeting the 1780-1740 line.
