The pancake has continued to decline from the high point of 110600, currently fluctuating around 104192.4. Despite the obvious downward trend previously, a 'red three soldiers' pattern has emerged, indicating a short-term rebound. From a key point of view, the support level may be around 100300, while the resistance level may be at the previous flat top of the pattern.
In the short term, the RSI and KDJ indicators show that the market is gradually recovering from an oversold state, with some rebound expectations in sentiment. At the same time, the MACD red bars have begun to appear, but trading volume has not continued to expand, indicating that the rebound momentum is not very strong. Considering the recent K-line pattern of the 'red three soldiers,' the likelihood of short-term upward fluctuations is relatively high, but the probability of being constrained by resistance above is also significant.
Therefore, do not blindly chase in the short term; wait for a rebound to intervene again at the 105200—105500 line, while paying attention to 102600, 101500, and the previous low point of 100300 below!
In the short term, the RSI and KDJ indicators show that the market is gradually recovering from an oversold state, with some rebound expectations in sentiment. At the same time, the MACD red bars have begun to appear, but trading volume has not continued to expand, indicating that the rebound momentum is not very strong. Considering the recent K-line pattern of the 'red three soldiers,' the likelihood of short-term upward fluctuations is relatively high, but the probability of being constrained by resistance above is also significant.
Therefore, do not blindly chase in the short term; wait for a rebound to intervene again at the 105200—105500 line, while paying attention to 102600, 101500, and the previous low point of 100300 below!
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BTC
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