Following the logic of Zhi Yan, you must have also enjoyed some 🥩, right? The short positions have arrived as expected.
The big coin rose sharply in the evening but faced pressure and fell back, experiencing a three-hour pullback. Currently, the four-hour chart shows a bearish candle. Pay close attention to fluctuations before and after the opening of the U.S. stock market; the release of evening news may temporarily impact the market's direction.
Throughout the day, the price has consistently oscillated within the range of 97000-95000, with no continuation of either long or short positions. The current trend is in a consolidation phase, with back-and-forth switching between long and short positions, and no clear one-sided trend. After touching 97000 in the evening, the price faced resistance and pulled back, once again approaching the 95500 level. We established short positions today and achieved decent profits.
The daily chart for the big coin showed a downward spike to around 93600 yesterday, closing back at around 95860. The upper resistance is near 97600, while the lower support is around 64450. A pullback can be taken near this area for long positions. The MACD shows an increase in short positions. The four-hour chart continues to oscillate, with upper pressure near the MA30. A breakout could see it reach around 97350, while lower support is near the MA120. A pullback can be taken near this area for long positions. The MACD shows a decrease in short positions and indicates a potential golden cross formation.
From a short-term hourly perspective, although there is a clear convergence, the oscillation range has not ended. The lower shadow is also a closing line, presenting a relatively perfect shape. The shorts are also relatively, with a decreasing volume and incomplete shape. The upcoming market will move in the oscillating upward trend as mentioned at the beginning, and the operation is to go long at lower levels.
Wednesday evening operation suggestions (writing time 22:45)
BTC: Short near 95600, target 97500
ETH: Short near 3720, target 3800
Identify the trend and do not hesitate; leave professional matters to professionals.
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