Has the pullback reached its target? It seems so. After the price dropped to the position of 98888.8, it began to stabilize, the 7-day moving average has already turned up, and more importantly, the MACD has just formed a golden cross - short-term bulls are accumulating.
The only uncertainty now is the hurdle of the 30-day moving average. The price is still hovering below it, but have you noticed that the volume in this rebound is increasing, indicating that capital is gradually entering the market? Once it stabilizes above the MA30, the upside space will be completely opened up.
My opinion: You can gradually build positions in the range of 101500 to 102000. When you see 103500-105000, you can consider taking profits.
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pvt_key_collector
· 11-06 15:08
Wow, long positions are so high!
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LiquidatedAgain
· 11-05 08:30
Before going long, let's review the history of liquidations. I kneel, I kneel.
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WalletWhisperer
· 11-05 05:01
hmm the whale footprints are speaking again... accumulation phase confirmed
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RetroHodler91
· 11-05 05:00
Long positions are starting to make a strong push, just asking if you dare to take the plunge.
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pumpamentalist
· 11-05 04:56
Even if it's bearish, it should rebound, right brothers?
#美联储降息 Today at 11.5 PM market data observation
Has the pullback reached its target? It seems so. After the price dropped to the position of 98888.8, it began to stabilize, the 7-day moving average has already turned up, and more importantly, the MACD has just formed a golden cross - short-term bulls are accumulating.
The only uncertainty now is the hurdle of the 30-day moving average. The price is still hovering below it, but have you noticed that the volume in this rebound is increasing, indicating that capital is gradually entering the market? Once it stabilizes above the MA30, the upside space will be completely opened up.
My opinion:
You can gradually build positions in the range of 101500 to 102000.
When you see 103500-105000, you can consider taking profits.