The selling pressure around 90,000 is still very large, and the short-term rebounds are merely for better declines later. The overall direction continues to seek the bottom.
比特进
--
Today's Market Interpretation: Looking at the capital accumulation data, the accumulated funds have not flowed out too much. Last night at 9 PM, it broke below the key area of concentrated market making by the main force but quickly recovered and has not dropped again for several hours. It is very likely that the main force is protecting the market here and is unwilling to let it continue to fall.
The current trend has been sideways, very much like a continuation of an upward trend, so the situation is not very clear, and I basically haven't opened any positions. Many people see the main funds fleeing and go short, but it's not that simple. The main force fleeing is very effective in a downward trend, but it's not easy to short in a sideways or upward market.
When is the best time to short? When it completely breaks below the lower edge of the concentrated market-making area and cannot recover, that's what we call entering a vacuum area. Another situation is when it reaches a major resistance level, like the current position of 90-92, which is a significant resistance level. Shorting here has a higher win rate.
(Short-term market analysis, effective time may only be a few hours to a few days, not investment advice, http://valuescan.io/login?inviteCode=A6VUDJ)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.