The market trend on Saturday is expected to be mainly range-bound. In the absence of major news impact, it is unlikely for the market to show a unilateral trend.
From the daily chart, the price has fallen below the lower Bollinger Band, the moving average system shows a bearish arrangement, the MACD indicator continues to issue bearish signals, and there is a clear phenomenon of capital outflow, indicating that a downward trend has formed.
From the 4-hour chart, although the market has seen some weak rebounds after a sharp decline, technical indicators still show that bears dominate, and prices are expected to continue to decline.
Looking at the 15-minute short-term chart, although bulls are attempting to fight back, it is difficult to reverse the overall trend due to insufficient trading volume.
I believe the market still leans towards bearishness, and I suggest focusing on short selling as the main strategy, which is currently the relatively safer choice.
Recently, I plan to position myself for a potential currency that is ready to skyrocket; doubling is quite simple, and an expected space of over 10 times is not a problem. Those who want to follow along, please like and leave a message for free sharing!
