Thursday Morning Jingyi Analysis of Caizuosilu
Happy Labor Day!!! Those who chase the light will eventually shine brightly! Labor Day is still open!!!
Last night, the overnight shipping peaked around 94700, and the current coin price has retraced to the 94200 range for consolidation. The 4-hour chart shows that after last night's drop to the support area of EMA120 and MA220 dual moving averages, there was a quick rebound, forming a significant lower shadow. Currently, the K-line is maintaining above the MA60 moving average, showing signs of stabilization and rebound.
As long as the short-term pullback does not break below the low point of yesterday's lower shadow support, the market is still expected to continue upward testing resistance levels. In such a fluctuating shipping situation, the operation suggestion is to maintain a low position and a high position strategy, where a pullback is an opportunity to enter the market.
Operation Strategy:
BTC 930-935 range for low position, target 955-960
(if not broken, reverse for high position) 948-953 range for high position, target 930
