Over the weekend, the market overall maintained a narrow range of consolidation and adjustment, fluctuating between 90200-88900. The weekly candlestick shows increasing volume for the bears, with resistance at 94000 above and support at 84000 below, marking a key dividing line. On the daily chart, bearish volume is shrinking, with four consecutive bearish candles forming and the trend moving downward. On the four-hour chart, bearish volume is also shrinking with divergence, showing three consecutive bearish candles. On the hourly chart, bearish volume is increasing. Overall, the outlook remains primarily bearish.
Weekend evening:
Short around 89500-89800, target around 88000-87700. Stop at 90500.
Short around 3050-3075, target around 2990-2965. Stop at 3100.
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Over the weekend, the market overall maintained a narrow range of consolidation and adjustment, fluctuating between 90200-88900. The weekly candlestick shows increasing volume for the bears, with resistance at 94000 above and support at 84000 below, marking a key dividing line. On the daily chart, bearish volume is shrinking, with four consecutive bearish candles forming and the trend moving downward. On the four-hour chart, bearish volume is also shrinking with divergence, showing three consecutive bearish candles. On the hourly chart, bearish volume is increasing. Overall, the outlook remains primarily bearish.
Weekend evening:
Short around 89500-89800, target around 88000-87700. Stop at 90500.
Short around 3050-3075, target around 2990-2965. Stop at 3100.