Judging from the current trend, although there is a short-term correction pressure, the overall trend still has bullish opportunities. At present, the big cake is repeatedly oscillating above 95500. This position can be regarded as a strong support area in the near future. It has bottomed out many times but has not broken. As long as the price does not fall below 94000 and recovers quickly, the short-term correction is more like a "wash" rather than a trend reversal. When the MACD column begins to narrow and the green column becomes shorter, a "bottom divergence" signal is formed, that is, the price hits a new low while the MACD indicator no longer hits a new low. This is usually a precursor to a rebound. The volume is shrinking and the pullback is limited. The current VOL (299.11) is significantly lower than the 5-day and 10-day averages (718 and 971), indicating that the selling force is weakening during the decline. This "shrinking decline" is often a manifestation of the main funds' reluctance to sell. Once the buying orders re-enter the market, the rebound will be relatively rapid. Although the specific moving average values are not shown in the figure, it is speculated from the long-term price fluctuations above 97000 that the medium and long-term moving averages (such as EMA30 and MA60) may still be in an upward trend. If the short-term price stabilizes at 95,000, the moving average system will re-form support and push the price upward to test the previous high near 99,000.
Evening operation suggestions:
Short-term focus on the support effectiveness of the 97200-97000 range. After stabilization, we can see #比特币后市 #比特币盘整将持续多久？ #以太坊现货ETF连续净流入 near 99,000 in the evening
