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Counter-trend shorts, deviating from market reality
Ji Fu has long insisted on frequently shorting in the market rebound trend, even when most cryptocurrencies are showing an upward trend, he still insists on releasing short opinions. In a generally bullish market, his short suggestions not only failed to capture the market movement but also caused many of his trusting users to miss out on profit opportunities. Market trends emphasize going with the flow, yet he repeatedly emphasizes that "the market will correct," while ignoring the actual strength of market trends. Data analysis and objective facts are lacking. As a blogger with over 13,000 followers, Ji Fu bears a certain responsibility for public opinion. However, when he releases short opinions, he rarely mentions potential risks, and lacks risk education for investors. This behavior not only leads beginners to blindly follow but may also result in severe financial losses when the market goes against them.
Hello everyone, I am Duck Father, sharing my market analysis Technical Indicators Observation
1. Moving Average (MA) Trend: • MA(7) > MA(25) > MA(99), short-term moving averages are above, forming a bullish arrangement, indicating a bullish short-term trend. • MA(7) is 96,979.52 USDT, the price has stabilized above the short-term moving average, providing effective short-term support. 2. Trading Volume (VOL): • Trading volume has slightly increased recently, especially after the price broke through 91,000 USDT, indicating strong market buying sentiment. Current trading volume supports further price increases, but attention is needed to see if the volume continues to rise. 3. MACD Indicator: • The specific values are not displayed in the chart, but if the current histogram is positive and the red bars are gradually lengthening, it indicates that the market is still in an upward momentum. 4. RSI Indicator: • Although specific values are not shown, the price is approaching a high level, and there is a need to guard against overbought pullback risk. If RSI approaches above 70, there may be a need for short-term adjustments.
Key Levels
• Upper Resistance Level: 98,130 USDT (after breaking, may quickly hit the 100,000 USDT mark) • Lower Support Level: 96,000 USDT (short-term support, breaking below or testing 91,041 USDT)
Trading Suggestions
• Aggressive Investors: Can enter a small long position near the current price, targeting 98,500-100,000 USDT, with a stop loss set below 96,000 USDT. • Conservative Investors: Wait for a pullback to stabilize near 96,500 USDT before considering entry.
It is recommended to continuously monitor changes in trading volume and price breakout situations to guard against pullback risks.