Hello, brothers, I am Panda Brother, and I’m back.
Just now, there were quite a few messages saying that Europe is cutting interest rates, but it does not have a significant impact on the market.
Still bearish; let’s discuss the specific trend of the market next.
This chart is a 4-hour level, with a sustained top and bottom. At 4 PM, the closing line was suppressed by the slope line, just as I mentioned in my article yesterday. It’s a bearish outlook; just short on any highs. Within the green line, a 4-hour-level oscillation range has formed. It’s not a problem to go short around 85700 above the range, while I do not recommend going long around the support level near 83000 below. The daily level is overall moving down and has not exited the downward channel; this position is unlikely to hold. Remember to set a 0.7% stop loss when opening a short position.
This chart is a 4-hour level. Although the 4-hour level candle closed above the slope line at 4 PM, the overall trajectory is just hard to read. It’s moving exactly like the atomic breath of JASMY I drew previously. With the big coin being suppressed by the slope line, it will bring it down, so I do not recommend going long. I checked and 1621 is a good position; remember to set a 0.7% stop loss when going short.That's all for today. Tomorrow I will also take the time to analyze for you all. If you like it, please follow me. When I reach 1000 fans, I will start giving out red envelopes daily. Your attention and likes are my motivation to update! Thank you all!!!!
