Next Week's Trend Analysis
This week's trend is basically coming to an end. After the big coin surged to around 110,600 points, it began to plummet, experiencing a Black Friday that caused it to drop directly to around 102,600 points. The downward trend did not meet expectations.
The anticipation was for a rebound that would directly break below the 100,000 points, but it was unexpected that the weekend's movement remained so small, oscillating within a range of a thousand points.
From the 4-hour K-line of the big coin, the upward rebound failed to break above the middle track of the Bollinger Bands, and the overall bearish trend continues. There is a high probability that the previous low of 102,600 points will not hold. It remains to be seen if the 100,000 can break.
The overall trend for next week will still be primarily bearish, with the first profit-taking point for the bears looking at the 102,600 points. After breaking through, the next target will be 100,500 points. If this level is breached, the 100,000 points will definitely not hold.
If the 100,000 points are effectively broken, the space below will open up again, and the bulls need to be careful. The overall trading suggestion is to focus on short positions while being cautious about going long.
