Day80 Market Analysis
The market has experienced a significant pullback, and the price focus has shifted lower again. Today, it is expected to oscillate in the range of 1891 ~ 1834 for low-end consolidation.
After the pullback, the current level is relatively low; it is recommended to first observe the support strength at the bottom within this range before waiting for clear breakthrough or breakdown signals to make moves accordingly.
Bullish Breakout Plan
If it can effectively break through the upper edge of the range at 1891 with volume, it indicates that the bulls are attempting to build a bottom and initiate a rebound,
The rebound targets to watch above are: 1921 / 1947 / 1968 / 1977.
Bearish Breakdown Plan
If it breaks down below the lower edge of the range at 1834, it means that the bearish momentum continues, and the bottom has not yet formed,
The pullback targets to watch below are: 1812 / 1784 / 1764.
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The market has experienced a significant pullback, and the price focus has shifted lower again. Today, it is expected to oscillate in the range of 1891 ~ 1834 for low-end consolidation.
After the pullback, the current level is relatively low; it is recommended to first observe the support strength at the bottom within this range before waiting for clear breakthrough or breakdown signals to make moves accordingly.
Bullish Breakout Plan
If it can effectively break through the upper edge of the range at 1891 with volume, it indicates that the bulls are attempting to build a bottom and initiate a rebound,
The rebound targets to watch above are: 1921 / 1947 / 1968 / 1977.
Bearish Breakdown Plan
If it breaks down below the lower edge of the range at 1834, it means that the bearish momentum continues, and the bottom has not yet formed,
The pullback targets to watch below are: 1812 / 1784 / 1764.
Friends who are interested in a more detailed market analysis can help me
Like and subscribe to my YouTube by searching 洋哥ETH (@Ocean487_d)
Like and subscribe to Threads by searching 洋哥ETH (@Ocean487_d)