Day73 Market Analysis
The market continues to cling, with today's expectations still within the narrow range of 1977 ~ 1948 for sideways consolidation.
Since the levels completely overlap with yesterday, it shows that the main players are highly cautious in this range. Additionally, as it's Friday, we are about to enter the weekend consolidation rhythm; it is essential to remain patient in operations, waiting for substantial volume breakthroughs or breakdowns before taking actions in the prevailing direction, and avoid frequently chasing highs and lows within the range.
🔴 Bullish Rebound Plan
If it can effectively break through the upper edge of the range at 1977 with volume, it will attempt to initiate a rebound upwards,
The rebound targets above are: 1993 / 2008 / 2034.
(Note the resistance test near the integer level of 2000)
🟢 Bearish Continuation Risk
If it breaks below the lower edge of the range at 1948, it means the directional choice after the sideways movement is downwards, giving the bears an advantage,
The pullback targets below are: 1922 / 1891 / 1861.
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The market continues to cling, with today's expectations still within the narrow range of 1977 ~ 1948 for sideways consolidation.
Since the levels completely overlap with yesterday, it shows that the main players are highly cautious in this range. Additionally, as it's Friday, we are about to enter the weekend consolidation rhythm; it is essential to remain patient in operations, waiting for substantial volume breakthroughs or breakdowns before taking actions in the prevailing direction, and avoid frequently chasing highs and lows within the range.
🔴 Bullish Rebound Plan
If it can effectively break through the upper edge of the range at 1977 with volume, it will attempt to initiate a rebound upwards,
The rebound targets above are: 1993 / 2008 / 2034.
(Note the resistance test near the integer level of 2000)
🟢 Bearish Continuation Risk
If it breaks below the lower edge of the range at 1948, it means the directional choice after the sideways movement is downwards, giving the bears an advantage,
The pullback targets below are: 1922 / 1891 / 1861.
Friends interested in a more detailed market analysis can help me
like and subscribe on YouTube by searching for 洋哥ETH (@Ocean487_d)
like and subscribe on Threads by searching for 洋哥ETH (@Ocean487_d)