Mugwort hangs on the door frame, scented sachets convey affection. During the Dragon Boat Festival, You An wishes you good luck with 'zongzi' by your side, worries will 'zong' dissipate, happiness will 'zong' fill your heart. Wishing everyone a healthy and peaceful Dragon Boat Festival, and may all your endeavors be successful!
Recently, the overall trend of big pancakes has shown a significant downward trend, oscillating at low levels in the short term, with the current price around 104,000. The trend indicates that the market bears are dominant, but there are signs of a potential short-term rebound and stabilization.
Although the KDJ indicator shows signs of a rebound, the MACD and RSI indicators simultaneously point to bearish dominance, suggesting that the rebound may be weak, making it difficult for prices to quickly escape the current downward pattern.
Therefore, continuing to position for a rebound in the short term is the preferred choice. The ideal entry point is around the 106,500 level, while aggressive traders may consider entering a position at the 105,500 level above. Below, we should continuously monitor levels at 103,000, 101,300, and even a potential break below the 100,000 mark towards the 98,900 level!
Recently, the overall trend of big pancakes has shown a significant downward trend, oscillating at low levels in the short term, with the current price around 104,000. The trend indicates that the market bears are dominant, but there are signs of a potential short-term rebound and stabilization.
Although the KDJ indicator shows signs of a rebound, the MACD and RSI indicators simultaneously point to bearish dominance, suggesting that the rebound may be weak, making it difficult for prices to quickly escape the current downward pattern.
Therefore, continuing to position for a rebound in the short term is the preferred choice. The ideal entry point is around the 106,500 level, while aggressive traders may consider entering a position at the 105,500 level above. Below, we should continuously monitor levels at 103,000, 101,300, and even a potential break below the 100,000 mark towards the 98,900 level!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
104,598.8
+3.63%