Continued from previous article
Organize your thoughts
There should be no decision before halving
Currently, the Bollinger Bands continue to close
This is almost certainly the last pullback in this range.
The middle track of the Bollinger Band seems to be providing support, the first line of defense, but this position is awkward because the lower mouth is closing up while the upper mouth has not yet obviously converged.
The 10-day halving seems to be a positive sign for the market.
If it fails to break through within 10 days, it is expected to go down. You can see that the second round of bottom is raised. There are takeover orders here. Go down and hit their stop loss first. It can also open the Bollinger band.
Personally, I feel that the probability of not being able to break through within 10 days is higher, and then the negative news will be used to make a loss and step on the Bollinger Bands.
If this is the case, then in the next few days, there should be a narrow range of fluctuations, a trend of shrinking volume and rising and falling. In order to make the upper mouth of the Bollinger Bands converge, it is necessary to move down the middle track while not destroying the convergence of the lower mouth.
Therefore, the range of fluctuations should be around 66000 - 70000, mainly to lure more investors.
