Cycle-level technical analysis
Daily analysis: Trend: After a strong rally, a long upper shadow K-line has appeared for the first time, with increasing volume but stagnating price, typical of a top formation.
Indicator: BOLL upper band resistance: The current K-line is close to the BOLL upper band, which has historically faced resistance and then pulled back.
Conclusion: There are clear signs of a top at the daily level, with short-term risks outweighing rewards.
4-hour analysis: Trend: An adjustment platform has initially formed after a rapid straight-line rally.
Bollinger Bands are widely open: The probability of returning to the mean is very high.
Volume analysis: Increased volume without new highs strengthens the top structure.
Conclusion: The main upward phase has ended, entering a consolidation top-building range, with rebounds primarily for shorting.
1-hour analysis: Currently in a consolidation top-building phase.
BOLL upper band shows significant resistance, K-line has tested multiple times without breaking through.
Volume has decreased during the pullback, and downward momentum is building.
Conclusion: Short-term highs have become apparent, shorting opportunities are better than going long.
Opening position suggestions and strategies
Suggested opening position: Open short positions near 8.20
First take profit level: 8.03 USDT
Second take profit level: 7.96 USDT
Stop loss level: 8.41 USDT
Take advantage of high prices to short, strictly control stop-loss, with a target primarily on short-term wave declines.#NUI #BTC #xrp #DOGE #ETH $ETH $UNI $DOGE
