Day76 Market Analysis
The extreme compression over the weekend has finally made a statement, with the market breaking below the consolidation range of the previous days, and the overall structure currently appears weak. Today, close attention should be paid to the two key support and resistance levels at 1922 and 1911.
🔴 Bullish Rebound Plan
To restart bullish momentum, the premise is to break through with volume and stabilize above 1922. After confirming stability, the rebound targets above could sequentially look at: 1947 / 1977.
🟢 Bearish Breakdown Plan and Two Major Scenarios
The current market is weak, with a very high probability of breaking below the support at 1911. If it breaks, pay attention to the following two potential developments: Scenario One (Green Line Wash): The main force may manipulate the wash here, and closely monitor whether there is strong support or pin bar signs in the range of 1891 ~ 1900. Scenario Two (Blue Line Continued Decline): If bearish momentum is strong, a direct break below 1892 will initiate a new wave of downward trend, with the targets below sequentially looking at: 1861 / 1834 / 1812 / 1784.
⚠️ Extreme Risk Warning
If the downward trend cannot be stopped, and even the bottom at 1784 is breached, a significant vacuum area will appear below, with a high probability of triggering a waterfall decline, directly testing the deep water area at 1512. Please ensure strict risk control!
Friends interested in a more detailed market analysis can help me
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The extreme compression over the weekend has finally made a statement, with the market breaking below the consolidation range of the previous days, and the overall structure currently appears weak. Today, close attention should be paid to the two key support and resistance levels at 1922 and 1911.
🔴 Bullish Rebound Plan
To restart bullish momentum, the premise is to break through with volume and stabilize above 1922. After confirming stability, the rebound targets above could sequentially look at: 1947 / 1977.
🟢 Bearish Breakdown Plan and Two Major Scenarios
The current market is weak, with a very high probability of breaking below the support at 1911. If it breaks, pay attention to the following two potential developments: Scenario One (Green Line Wash): The main force may manipulate the wash here, and closely monitor whether there is strong support or pin bar signs in the range of 1891 ~ 1900. Scenario Two (Blue Line Continued Decline): If bearish momentum is strong, a direct break below 1892 will initiate a new wave of downward trend, with the targets below sequentially looking at: 1861 / 1834 / 1812 / 1784.
⚠️ Extreme Risk Warning
If the downward trend cannot be stopped, and even the bottom at 1784 is breached, a significant vacuum area will appear below, with a high probability of triggering a waterfall decline, directly testing the deep water area at 1512. Please ensure strict risk control!
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)