Day74 Market Analysis
The market continues to stick, and today is expected to move sideways within the narrow range of 1977 ~ 1948. Since the levels completely coincide with yesterday, it shows that the main force is highly cautious in this range. The weekend's consolidation rhythm requires patience in operations, waiting for a substantial breakout or breakdown before proceeding with trend-following actions. Avoid frequently chasing highs and lows within the range.
🔴 Bullish Rebound Plan
If a significant breakout occurs above the upper edge of the range at 1977, an upward counterattack will be attempted,
with rebound targets above to watch in order: 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 that the direction choice after consolidation is downwards, giving the bears an advantage,
downward pullback targets to watch in order: 1922 / 1891 / 1861.
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The market continues to stick, and today is expected to move sideways within the narrow range of 1977 ~ 1948. Since the levels completely coincide with yesterday, it shows that the main force is highly cautious in this range. The weekend's consolidation rhythm requires patience in operations, waiting for a substantial breakout or breakdown before proceeding with trend-following actions. Avoid frequently chasing highs and lows within the range.
🔴 Bullish Rebound Plan
If a significant breakout occurs above the upper edge of the range at 1977, an upward counterattack will be attempted,
with rebound targets above to watch in order: 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 that the direction choice after consolidation is downwards, giving the bears an advantage,
downward pullback targets to watch in order: 1922 / 1891 / 1861.
Friends who are interested in a more detailed market analysis can help me
like and subscribe on YouTube, search for Yang Ge ETH (@Ocean487_d)
like and subscribe on Threads, search for Yang Ge ETH (@Ocean487_d)