EMA21 Line: The 'Secret Weapon' for Short-Term Trading and BTC Trend Analysis
The EMA21 moving average is a practical indicator for short-term trading.
In the current market, while BTC shows resilience in sideways movement, sideways does not equate to strength; only a breakout can validate its true strength. For instance, the previous sideways movement at $83,000 led to a buying surge but ultimately did not result in an effective breakout.
Currently, BTC faces strong resistance levels formed by two brown moving averages. Considering the overall structure and patterns, it is advisable to adopt a conservative trading strategy.
In contrast, an aggressive strategy is more suited for the market below $80,000. Notably, SOL has recently rebounded 40% from its low, significantly outperforming ETH, which only rebounded 20%.
From a cyclical perspective: long-term (within the year) it is judged that BTC may continue to decline after a rebound;
mid-term (within several weeks) it is expected to still have upward or sideways space; short-term, it is believed that the first round of rebounds is nearing its end, with a subsequent pullback before initiating a new round of increase.
Additionally, as the influence of Trump-related news on the market diminishes, the effectiveness of technical analysis in market judgment is gradually recovering.
It should be noted that the chart points are for reference only, and actual trading should be flexibly assessed.
