2024.4.16 Market Analysis:
The market fluctuated greatly over the weekend recently. After a strong downward trend over the weekend, the market rebounded slightly the day before yesterday and rebounded to our daily 5-day moving average, which is around 66700. The market started a new round of decline. Today's overall market is relatively sluggish, and the small level has fallen more. My suggestion to everyone is to look for divergence to go long, and for short orders, basically look for orders at the golden section position, or the large-level 5-day moving average.
From the daily level, after the market broke through the downward trend line of our triangle oscillation on April 12, the market began to move in a wide range of oscillation centers at the daily level. At present, it has also come to the bottom of our oscillation center, which is near the 60,000 position. So the overall market, from the daily level, including the Bollinger Bands, has begun to close and turn downward. The short-term rebound of the 5-day moving average in the past two days has not been broken. So from here, our market is still quite serious. Then we can see from the MACD that our daily line has leaked again, and the yellow and white lines have come below the 0 axis. In this way, if our oscillation space is also unable to withstand near 60,000, then the downward space will be even greater.
From the 4-hour level, we have a wave of market, which started a new round of decline after April 13. The rebound on April 15 was also quite fierce, but the market did not stand, and it made a door-drawing market. The market returned to our 62,000-plus space, which is actually quite close to our new low. The short-term 5-day moving average has a very obvious suppression, so the high point above is also quite obvious, that is, the 64,000-around 5-day moving average has a pressure. In the short term, I personally think that at least a new or secondary low point will be hit here. Everyone should focus on whether there will be a divergence in the 4-hour period. If so, everyone can go long on dips.
From the 30-minute level, after the market came down from such a high point on April 15, that is, 66,900, today's rebound is relatively small. We can pull out the golden section to see that such a rebound is in our weak rebound area, that is, below 38.2, and it is a weak rebound at the bottom. So overall, such a trend is still relatively weak, including the green column. In this case, we break such a low point at 3 o'clock in the morning of April 16, which is basically a high probability event. So I suggest that if you want to do more, wait until this low point is broken. Then, from the 30-minute level, the market is around 64,000 to 62,500, making such a small-level shock. I personally think that this shock. In fact, there is no need to pay too much attention, because it is easy to break. We still focus on such a break point of 60,660 to see if it can produce a four-hour level divergence.
The upper pressure of the big cake is 64000 65000, and the lower support is 60000#etf #比特币减半 #大盘走势 $BTC $ETH #抄底最佳时机
