Tonight's trend is quite clear

Market Outlook: The Mid-Market Base Building Provides a New Direction for the Future

Good evening everyone, this is still the Li Mu Channel. Today, I would like to take a moment to explain the current trend direction and contract trading points in the market. This continues the previous viewpoint: the market has clearly completed a mid-market base building, and the current trend is still not finished. So regarding the target of this round of movement and how the next stage will evolve, please listen on.

Recently, the macro market has also begun to gradually warm up. We won't talk too much about the relationship between the two sides since it's not convenient to elaborate deeply, but the recent dovish remarks from within the FOMC have already been enough to boost current market confidence, with the probability of a rate cut in December soaring to nearly 70%. Meanwhile, with the U.S. government's resumption of work and the release of trillions of dollars in liquidity, regardless of where it flows, the boost to the overall financial market is unparalleled. If we consider this before the recent decline, it is undoubtedly a signal for the continuation of a bull market. However, under the current extremely fearful market, the monthly trend has weakened and reversed. I can only tentatively maintain a bullish view for the medium-term trend, keeping the belief in the continuation of the bull market.

Looking back at the market, the structure also releases clear signals. First is the support of the EMA21 at the monthly level mentioned earlier. Secondly, the signal released at the daily level, with daily candlesticks and two-day collection above the entity channel giving a clear reversal at TD13, and the weekly candlestick nearing the MA120 support. Combined with previous viewpoints, this is already enough to support the upward trend of this round, with the target primarily looking towards the resistance near 9.18W on the daily level, and the simultaneous target near 3100. Based on the resistance situation and the macro market at that time, we will judge whether it is a new round of downward trend or the continuation of the bull market. #加密市场回调 #ETH走势分析 $BTC $ETH