Day79 Market Analysis
Currently, the price is around 2067, and the overall probability of maintaining a bullish continuation is high.
From the internal chip observation of the K bar, no robots (main program orders) have been found to be shorting at high levels. The afternoon market shows that retail investors' short positions are mostly concentrated at the bottom, indicating that there is currently a temporary lack of bearish liquidity above. Therefore, although the current market is in a consolidation phase, the opportunity for an upward breakout remains strong.
Bullish Targets and Observation Points
If the market continues to push upward, the targets to focus on in order are: 2073 / 2098 / 2119 / 2129 / 2146.
(Advanced Observation: During the process of testing the highs, closely monitor whether there are signs of robots entering to short in the K bar, as this will help determine if the market faces reversal pressure.)
Consolidation Retracement and Defensive Ranges
As we are currently in a consolidation rhythm, if the price shows a downward retracement, the primary operation price range to pay attention to is between 2034 and 2009, observing whether there is strong buying support in this area.
Bearish Breakdown Risks
If the consolidation goes too deep and the price breaks below the 2009 defense line, it indicates that the strong pattern has been disrupted, with a very high probability of retreating back into last week's consolidation range,
with downward retracement targets sequentially at: 1993 / 1977 / 1947.
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Currently, the price is around 2067, and the overall probability of maintaining a bullish continuation is high.
From the internal chip observation of the K bar, no robots (main program orders) have been found to be shorting at high levels. The afternoon market shows that retail investors' short positions are mostly concentrated at the bottom, indicating that there is currently a temporary lack of bearish liquidity above. Therefore, although the current market is in a consolidation phase, the opportunity for an upward breakout remains strong.
Bullish Targets and Observation Points
If the market continues to push upward, the targets to focus on in order are: 2073 / 2098 / 2119 / 2129 / 2146.
(Advanced Observation: During the process of testing the highs, closely monitor whether there are signs of robots entering to short in the K bar, as this will help determine if the market faces reversal pressure.)
Consolidation Retracement and Defensive Ranges
As we are currently in a consolidation rhythm, if the price shows a downward retracement, the primary operation price range to pay attention to is between 2034 and 2009, observing whether there is strong buying support in this area.
Bearish Breakdown Risks
If the consolidation goes too deep and the price breaks below the 2009 defense line, it indicates that the strong pattern has been disrupted, with a very high probability of retreating back into last week's consolidation range,
with downward retracement targets sequentially at: 1993 / 1977 / 1947.
Friends who are interested in a more detailed market analysis can help me
like and subscribe on YouTube by searching for Yang Ge ETH (@Ocean487_d)
like and subscribe on Threads by searching for Yang Ge ETH (@Ocean487_d)