#数字货币市场回升 is currently oscillating around 897. Many people think that the four-hour pullback indicates a buildup of strength? I don't think so. The golden cross pattern on the daily chart has indeed appeared, but this seems more like a technical correction after being oversold; the real issue is that the volume doesn't keep up.
Looking closely at the hourly level, the death cross signal has actually begun to emerge. This rebound has not even broken through the key resistance level; is the so-called bullish foundation really solid? It seems more like short-term sentiment at play. Looking ahead, the probability of a pullback is clearly greater than the space for further upward movement. If a rebound occurs, it would actually present a good shorting opportunity.
Strategy: Consider placing short positions in the range of 902 to 907, with the initial target at 892, and then at 888.
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#数字货币市场回升 is currently oscillating around 897. Many people think that the four-hour pullback indicates a buildup of strength? I don't think so. The golden cross pattern on the daily chart has indeed appeared, but this seems more like a technical correction after being oversold; the real issue is that the volume doesn't keep up.
Looking closely at the hourly level, the death cross signal has actually begun to emerge. This rebound has not even broken through the key resistance level; is the so-called bullish foundation really solid? It seems more like short-term sentiment at play. Looking ahead, the probability of a pullback is clearly greater than the space for further upward movement. If a rebound occurs, it would actually present a good shorting opportunity.
Strategy: Consider placing short positions in the range of 902 to 907, with the initial target at 892, and then at 888.