Let's pay attention to the market trend


The market reappeared in the early morning, with the high of the cake pulling to the line of 94600, the high point of the ether rising to 3396, and the market was full of bears
The cake fluctuated in a narrow range around the 90,000 mark yesterday, and the market traded relatively cautiously. After briefly falling to the 88950 line in the evening, the bulls suddenly exerted their strength to start a rapid pull-up mode, and then entered a slight consolidation stage, stabilizing above 92000 so far. From the perspective of trend characteristics, the short pause after the bull volume is not a trend reversal signal, but a normal manifestation of the market accumulating momentum for the next rise. Looking back at the previous market, the previous rise and rapid decline were within the range of market expectations and did not destroy the overall upward structure. At present, it shows a trend of "chronic rise while sorting and correcting", and the core indicators still maintain an upward divergence state, which further confirms the pattern of the bullish trend.
Ether also experienced the process of "first suppressing and then consolidating" yesterday, and the high point rose to the 3390 line. At present, the moving average indicator remains upward. It shows that the buying power below is sufficient, and it has regained the 4-hour upper band position again, and the short-term strength is obvious.
At present, the short-term pressure of the cake is at the 95,000 line, the support is at the 90,000 line, the ether pressure is around 3,500, and the support is about 3,000
#生活手记
ETH2,03%
View Original
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)