📉 The Nasdaq's downtrend shows no signs of stopping, is a brutal winter coming for the US stock market?
Binance has launched the perpetual contract $QQQ , taking the battle of US stock players directly onto the chain! Currently, the QQQ/USDT price is at 705.74, and the hourly candlestick is showing a suffocating accelerated downward trend, approaching the previous low support level at 705.22.
• Technical Pressure: The price is being firmly suppressed by the Bollinger Bands' middle line (709.79) and has completely broken below the lower band, with the Supertrend indicator (SUPERTREND) consistently flashing red, making the bearish trend extremely obvious.
• Momentum Indicators: After the MACD death cross, the red bars keep expanding, with bearish forces still raging.
• The Only Turning Point: The RSI(6) has dropped to an extreme oversold zone at 25.5, indicating a potential short-term technical bounce, but blindly trying to catch the bottom could get you wrecked!
Tech stocks are under liquidity pressure, and the bears in the US market are feasting.
Will you choose to go short with the trend, or wait for an oversold bounce? 👇
#QQQETF #预测市场竞争加剧 #韩国NPS增持Strategy股票 #加密市场回调 $BTC $ETH
Binance has launched the perpetual contract $QQQ , taking the battle of US stock players directly onto the chain! Currently, the QQQ/USDT price is at 705.74, and the hourly candlestick is showing a suffocating accelerated downward trend, approaching the previous low support level at 705.22.
• Technical Pressure: The price is being firmly suppressed by the Bollinger Bands' middle line (709.79) and has completely broken below the lower band, with the Supertrend indicator (SUPERTREND) consistently flashing red, making the bearish trend extremely obvious.
• Momentum Indicators: After the MACD death cross, the red bars keep expanding, with bearish forces still raging.
• The Only Turning Point: The RSI(6) has dropped to an extreme oversold zone at 25.5, indicating a potential short-term technical bounce, but blindly trying to catch the bottom could get you wrecked!
Tech stocks are under liquidity pressure, and the bears in the US market are feasting.
Will you choose to go short with the trend, or wait for an oversold bounce? 👇
#QQQETF #预测市场竞争加剧 #韩国NPS增持Strategy股票 #加密市场回调 $BTC $ETH