Now you might be struggling to move forward in the wave of the cryptocurrency world, or perhaps you have just stepped into this challenging field. No matter what stage you are in, remember that persistence and learning are your strongest weapons. The future of the cryptocurrency world is full of infinite possibilities, and I hope you find your own treasure of wealth in this unique world and realize your dreams.
Looking back at this week!
On Monday, the major coin layout gained over 10,864 points, while the Ethereum synchronized layout achieved over 422 points.
On Tuesday, the major coin layout gained over 2,536 points, while the Ethereum synchronized layout gained over 238 points.
On Wednesday, the major coin layout gained over 3,657 points, while the Ethereum synchronized layout gained over 245 points.
On Thursday, the major coin layout gained over 7,369 points, while the Ethereum synchronized layout gained over 297 points.
On Friday, the major coin layout incurred a small loss of over 2,246 points, while the Ethereum synchronized layout gained over 262 points.
The technical analysis of the major coin's 4-hour chart shows that the current price is continuously running below the middle band of the Bollinger Bands, and the middle band is simultaneously turning downward. Recently, every attempt to rebound and touch the middle band has encountered significant selling pressure, with the K-line often closing as small bullish candles with long upper shadows or directly falling back, reflecting that the momentum to break through the key resistance level is extremely weak. Although a rebound trend is currently indicated, there has not been a clear reversal signal, and it remains oscillating between the middle and lower bands of the Bollinger Bands. However, the upward turn of the lower band needs to be noted. In addition, the Bollinger Band width has not shown significant signs of narrowing, indicating that the current downward trend structure has not loosened, lacking technical signals for a trend reversal. It is highly likely that the price will continue to adjust below the middle band of the Bollinger Bands, and if it breaks the support of the lower band, it may trigger a new round of downward movement. It is important to focus on solid analysis and set good stop-losses for your peace of mind.
Trading Suggestions:
Major Coin: Short near 118,400, target 116,800
Minor Coin: Short near 4,570, target 4,400
