Er Gouzi's triangular convergence is approaching its conclusion! The direction choice is imminent tonight; how will you layout?
Er Gouzi is currently hovering around the 2975 line, at 2:55 AM Beijing time. Many cryptocurrency enthusiasts predict that the market will touch the 3000 mark before falling back to 2800, but regardless of whether this prediction comes true, those who have not entered the market have already missed the current window. The current market has entered an extreme contraction phase, and it is expected to give a clear directional signal tonight. Whether there will still be an opportunity to enter is uncertain; those who have not entered can only wait for a correction opportunity.
In the daily K-line dimension, before the release, the price has reached a high of 2992 and a low of 2965, with a fluctuation of less than 30 points, currently hovering just below the EMA15 trend line at the 3000 mark. The technical aspect shows positive signals: the morning star pattern has begun to take shape, and if the market can further attack and break through the middle track of the Bollinger Bands at 3050, the bullish trend will officially begin, with upper targets looking at 3170 and the upper track of the Bollinger Bands at 3336. However, it should be noted that although the KDJ indicator has formed a golden cross, the EMA trend indicator is still in a flat oscillation state, and no clear upward signal has yet appeared. Strategically, it is not recommended to blindly go north before breaking through the 2800 support; those who have entered can continue to hold and observe.
Switching to the four-hour K-line cycle, the triangular convergence pattern is becoming increasingly clear, with fluctuations continuously narrowing, MACD volume synchronously shrinking, and K-lines under pressure at the EMA30 line at the 2960 position. The indicator level presents divergent signals: DIF and DEA dual lines are diverging, indicating a potential demand for a pullback. The Bollinger Bands range is clear, with the upper track focusing on 3050 pressure, the middle track at 2915, and the lower track at 2775 forming a support ladder. The short-term core observation point focuses on the support level below 2915; once this position is lost, the market is likely to plunge to the bottom of the box; conversely, if the support stabilizes, it will welcome a good opportunity to layout upward.
