Sunday Market Analysis

After experiencing a seven-day consecutive rise in daily candles, the market pattern has changed, and the K-line has started to close in the red. A deep analysis of the clearing data shows that there is a fierce battle between bulls and bears in the current market, and there are significant anchoring points in the price trend. A large amount of trapped orders is piled up above $96,000, forming a strong natural resistance level. If the bulls want to achieve a strong liquidation of the bears, the pressure above is also at the $96,000 level. So don't chase the long positions at high levels! Avoid getting trapped!

For the rebound, short positions can be entered around 95,100-95,700, with a target looking at 94,000 - if it breaks, look further down; if it doesn't break, reverse to long! Trade within the oscillation range back and forth!

For the second coin, operations can be done simultaneously, entering and exiting together, with the same direction!