Good morning everyone! After the big coin dropped to around 77,400 in the early morning, it began to rebound, but the upward space is limited. Technical indicators across all time frames show that the bears are dominant:
The daily level has continuously fallen with bearish candles breaking key support, the 5-day moving average continues to suppress prices, and the MACD green bars are expanding.
On the four-hour chart, the Bollinger Bands have hit the bottom, and the bearish trend at the end of the period is facing resistance. The market shows signs of a rebound and recovery, indicating a correction is needed after a short-term decline. The bearish volume is expected to shrink, but the bullish volume remains unclear. The current market is in a small cycle correction, exploring a second bottom below the previous low, and lacks positive news, showing an overall weak trend, so it is still advisable to be cautious with the bears.
Morning operation analysis:
Big Coin: Range 79,000-79,500 bearish, target 76,000
Auntie: Range 1,850-1,870 bearish, target 1,800
