加密菲姐
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Bearish
Cryptocurrency Daily Analysis (5.30)
Summary:
Since May 25th, I have been mentioning that if the price breaks below 106700, then 112000 will be the short-term top. The market has successfully broken below 106700. The pink daily line has formed a downward trend, and the internal white 4-hour third leg has also appeared. The internal structure of the daily line is complete; even if it is complete, the decline has not ended. Therefore, the 4-hour third leg will continue to extend. As long as the rebound does not surpass 110300, it will be a three-sell signal on the 4-hour chart. The trend of three sells often accelerates the decline. Thus, the observation point has now expanded to 100600. If 100600 breaks, it is very likely to extend to a weekly level pullback to 93000. This means the trend of the pink daily line will expand into a downward movement. Therefore, whether 100600 can break is crucial. The pressure above during the day is 106700 and 108300, while the support below is 104400, 102700, and 101700. Trading can be done around these positions, but in the short term, going long cannot establish a trend; it is all against the trend.
Summary:
Since May 25th, I have been mentioning that if the price breaks below 106700, then 112000 will be the short-term top. The market has successfully broken below 106700. The pink daily line has formed a downward trend, and the internal white 4-hour third leg has also appeared. The internal structure of the daily line is complete; even if it is complete, the decline has not ended. Therefore, the 4-hour third leg will continue to extend. As long as the rebound does not surpass 110300, it will be a three-sell signal on the 4-hour chart. The trend of three sells often accelerates the decline. Thus, the observation point has now expanded to 100600. If 100600 breaks, it is very likely to extend to a weekly level pullback to 93000. This means the trend of the pink daily line will expand into a downward movement. Therefore, whether 100600 can break is crucial. The pressure above during the day is 106700 and 108300, while the support below is 104400, 102700, and 101700. Trading can be done around these positions, but in the short term, going long cannot establish a trend; it is all against the trend.
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