The intraday market has ended. After the big coin touched the 108200 line early Monday morning and rebounded above 109500, it quickly fell back. The overall trend in the morning was 'oscillating upwards as a structure.' In the afternoon, after probing above 109000, the market continued to test the support at the 108000 line, although it broke through some, it did not strongly continue. In the subsequent period, there were rebounds, but the rebounds did not show significant results. Currently, the big coin is maintaining a fluctuating adjustment near 108000. The aunt's day has basically moved in line with the big coin, reaching a high of 2607 before oscillating downwards, and is currently maintaining a fluctuation around 2530.
Today, Old Chen continues to maintain a winning streak!
In the morning layout strategy, Old Chen sharply judged that the rebounds were unlikely to continue strongly, decisively suggesting to short near 109500, successfully capturing over 700 points. In the subsequent converging range structure, the rebound short strategy also successfully captured 800 points.
Today, Old Chen has always suggested focusing on short positions, continuing to capture points with short layouts.
In the afternoon, he continued to extend the short layout, capturing 31 points from the aunt.
In the evening, he captured 1115 points from the big coin and 39 points from the aunt.
Currently, looking at the overall market, it has maintained a long period of range oscillation adjustments. The intraday up and down spikes are evident, with intense long and short battles. In the afternoon, the bearish sentiment gradually took the lead, starting the downward test of support.
Although the daily line maintains a wide oscillation pattern, with severe high pressure, it quickly fell back after a weak breakout; however, the short-term buying pressure concentrated around the 107000 line is showing strong support.
On the four-hour line, after two days of horizontal adjustments, it formed a reverse V shape. Recently, there have been long-lasting effects in the closing situation, making the long and short battles more pronounced. Meanwhile, after the bearish sentiment intensified, the bag mouth shifted from parallel operation to downward, with significant downward pressure. The bearish sentiment gradually increases in volume, leaving more space below; but the lower track still maintains a parallel run, with clear short-term support!
For the upcoming short-term layout, refer to the big coin around 108500 for the bearish sentiment, looking at 107000, with a stop loss above 109000.
Refer to the aunt around 2550 for the bearish sentiment, looking at 2500, with a stop loss above 2580. $ETH
