The bearish structure has not been broken; the rebound has lost strength. Next week, look for a second test of 80,000!
Good afternoon, many people like to interpret the market from various news sources. Why did it suddenly rise? Why did it suddenly drop when everything seemed fine? Is there any news? The Federal Reserve's rate cut, Ethereum's upgrade—if we look for news, there will always be something to blame for the market's actions. The influence of news is always temporary; ultimately, we must return to technical analysis. Here at Zhongliang, everything starts from the market itself, rationally analyzing from the structure of the candlestick chart.
The daily K-line's rebound adjustment has already been completed. The upper Bollinger band is opening downwards under pressure, and the middle band is also opening downwards. Currently, the price is fluctuating around the middle band for correction. The MACD bullish momentum continues to shrink, and the KDJ three lines have converged to form a death cross downwards. The weekly K-line's Bollinger band's middle and lower bands are both opening downwards. The price is currently under repair around the lower band, with MACD bearish momentum continuing to expand. This is the information that the naked K can provide us. Next, we will interpret the market from the larger trend and structure.