Precise trading suggestions for little yellow croaker evening market.
The 1-hour cycle chart has released a strong bearish signal: after the price surged to the 89600 stage high, a long upper shadow was formed, clearly indicating heavy selling pressure above; the momentum for a short-term quick rebound has been exhausted, and there is an urgent demand for a technical correction. The current price is in a sideways consolidation and has not broken through the previous high resistance level, showing a continuous widening of the deviation from the moving average system, and the volume has not kept pace during the surge, leading to a gradual weakening of upward momentum. It is highly likely that the price will fall back to the moving average support level.
Core Operation Recommendations Bitcoin: It is recommended to strategically open short positions in the range of 89500-89800, with the target looking down at the core support area of 87300-87800. Two contracts: It is recommended to enter short positions in the range of 3050-3080, targeting the key support level near 2900.
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Precise trading suggestions for little yellow croaker evening market.
The 1-hour cycle chart has released a strong bearish signal: after the price surged to the 89600 stage high, a long upper shadow was formed, clearly indicating heavy selling pressure above; the momentum for a short-term quick rebound has been exhausted, and there is an urgent demand for a technical correction. The current price is in a sideways consolidation and has not broken through the previous high resistance level, showing a continuous widening of the deviation from the moving average system, and the volume has not kept pace during the surge, leading to a gradual weakening of upward momentum. It is highly likely that the price will fall back to the moving average support level.
Core Operation Recommendations
Bitcoin: It is recommended to strategically open short positions in the range of 89500-89800, with the target looking down at the core support area of 87300-87800.
Two contracts: It is recommended to enter short positions in the range of 3050-3080, targeting the key support level near 2900.