The narrow fluctuations caused by the US market's closure are merely the last cover for the long positions! This week's so-called "effective breakout" is purely a bull trap; 91000 and 90000 seem to be strong supports, but in reality, they are already at the end of their strength, and the 92000 round number is even more of an insurmountable chasm for the long positions!
The so-called "transparent buying point" is merely bait to harvest retail investors. Continuous gains under thin trading volume are essentially a false prosperity of a volume-free upward trend! The apparent strength of the hourly chart's upward oscillation is, in fact, under pressure at high points and shows waning momentum; the higher lows are just an illusion created by the main forces to lure long positions. Although the daily MACD is in the bullish zone, a top divergence signal has already appeared, and the strong momentum is merely a last flicker of a dying force!
Once the 90000 support is lost, 89000 will collapse instantly, and the long positions sentiment will be completely defeated, leading to a cliff-like drop in the market! The so-called "there will not be significant fluctuations for the time being" is merely the calm before the storm, as the short positions have already been building momentum below the 90000 level!
Operation suggestion: Lightly short near the rebound of the big coin around 91500-91000, targeting directly at 87000-85000. If it breaks, directly chase the short; the bear feast is officially on! #十二月降息预测
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The narrow fluctuations caused by the US market's closure are merely the last cover for the long positions! This week's so-called "effective breakout" is purely a bull trap; 91000 and 90000 seem to be strong supports, but in reality, they are already at the end of their strength, and the 92000 round number is even more of an insurmountable chasm for the long positions!
The so-called "transparent buying point" is merely bait to harvest retail investors. Continuous gains under thin trading volume are essentially a false prosperity of a volume-free upward trend! The apparent strength of the hourly chart's upward oscillation is, in fact, under pressure at high points and shows waning momentum; the higher lows are just an illusion created by the main forces to lure long positions. Although the daily MACD is in the bullish zone, a top divergence signal has already appeared, and the strong momentum is merely a last flicker of a dying force!
Once the 90000 support is lost, 89000 will collapse instantly, and the long positions sentiment will be completely defeated, leading to a cliff-like drop in the market! The so-called "there will not be significant fluctuations for the time being" is merely the calm before the storm, as the short positions have already been building momentum below the 90000 level!
Operation suggestion: Lightly short near the rebound of the big coin around 91500-91000, targeting directly at 87000-85000. If it breaks, directly chase the short; the bear feast is officially on! #十二月降息预测