Currently, the low point of the pancake is supported by the 120-day moving average at the 5-day level. According to convention, whenever there is a major level, there will be buying support, whether it's institutional portfolio buying or speculative bottom-fishing behavior. However, even so, the continuous outflow of ETFs, combined with the gaps that still need to be filled below the weekly line, means you can take short-term trades, but you should ask yourself if you're afraid of being liquidated before hoping to catch the bottom.
To get back on track, the significance of the small-level indicators is not in the famous direction; resistance is the selling point. At this moment, hoping for a breakout above can only be described as foolish. Currently, the selling points for short-term trades are very clear, sequentially focusing on selling around the resistance levels of 15 min, 1 h, and 4 h, and the space will naturally be made available to you.
Direction: Bearish
Selling Point One: Around 79300
Selling Point Two: Around 80500
Selling Point Three: Around 81300
#美股大跌 #加密市场回调