The afternoon market has indeed pulled back as expected, but the extent of the pullback exceeded expectations. After the big coin dropped to a low of 103000, it continued to decline to a recent low of 102038. On the stone board, it was also decisively taken out of the market as the trend continued. Subsequently, it rebounded and oscillated around 103000, with many eggs also seeing some gains. The Auntie's trend is similar to the big coin, declining to a low near 2350 in the afternoon before rebounding. It is currently consolidating around 2400.
Overall, the subsequent drop has once again engulfed the previous gains, and the short-term market has been impacted again. After significant rises and falls, it has entered a short-term consolidation phase.
On the four-hour line, after breaking through the convergent range, it also successfully broke through the previous high point. However, the obvious rebound from the cone has delayed the next challenge to historical highs. After a significant decline, technical indicators are all heading downwards, strengthening the short-term downtrend. Currently, the 103000 level serves as a previous starting point and is also a key support in the short term. If it effectively breaks through in the future, it will still lead to a downtrend and testing of the lows, with the short-term focus on the 102000 level below.
On the hourly line, after significant price fluctuations, KDJ and MACD show divergence, with clear signs of consolidation. In the short term, if the market recovers, there is still some upward space. Initially, we will look at the pressure around 104500; if it fails to effectively break above 105000 to stabilize, it will still return to the range for oscillation after a pullback.
For subsequent short-term positioning, the big coin reference is 104500-104000; look at 102000, and if it breaks, continue to watch 101000.
Auntie's short-term market trend is stronger; reference around 2450; look at 2350, and if it breaks, look at 2300.
