6.3 Afternoon Market Analysis
The morning market surged and then experienced a normal pullback; currently, the market is undergoing a normal retreat with a weakening of the bears. It has stabilized above 105000/2580, and on the hourly chart, it still maintains a bullish arrangement, indicating that the support level near EMA7 is effective, and the short-term bullish trend is relatively strong.
The hourly MACD is still above the level, but the current trading volume is sluggish, and the moving averages are hovering near the level. In the future, it is advisable to cautiously observe the market direction; if there are no rebound signals in the afternoon, the market may first undergo a period of sideways adjustment to consolidate the bullish advantage before continuing to advance toward 107000/2680. In this case, the short-term oscillation will likely continue to be disrupted, and an upward shift may occur again at lower levels. Conversely, it will continue to experience weekly oscillation and pullback.
In the afternoon, Yumi suggests continuing to pull back for Dashi Road operations.
Bitcoin
Looking at 106500-107500 from 104800-105200
Ether
Looking at 2650-2680 from 2580-2600
