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Brothers, the morning closed with another Bullish line on the daily candlestick chart, but the body of the Bullish line is very small. The overall volatility was around 1000 knives yesterday, with resistance at 106600 above. The market is like a blunt knife - Cut Loss, not too aggressive in playing people for suckers, but still playing people for suckers. The shrinking Bullish line and decreasing Trading Volume imply a weakening momentum of long positions. The intraday MACD is weakening with red bars below the zero line, the two lines are crossing upwards at the 0 axis, KDJ is turning upwards - these are all somewhat bearish signals. However, the weakening momentum is more pronounced on the 4-hour and hourly charts, and there is divergence at the top of the hourly MACD.
Fundamentally, Yiyi has stopped firing, the phased bearish news has landed, Te Kao Pu once again published an article calling Mr. Lao Bao too late. Now Europe has cut interest rates more than ten times. Lao Bao insists on his own point of view that it is not suitable to cut interest rates. Let's see what Lao Bao will continue to say at ten o'clock tonight. Basically, there is no fundamental stimulus now, and what comes next is technical analysis.
Make the final high-throw layout again within the day. If this high-throw fails, then what follows is a technical divergence in the upward trend. However, sustained divergence requires a large influx of funds.
106300-106600, replenish at 107000, target 104600, second target 104000, third target 103000
Follow the strategy, if the retracement does not break near 104500-104000, you can continue to open a position directly.
On the Ethereum side, 2470-2500 is the resistance, looking at 2390-2380 as the first target and 2330 as the second target.
Pullback without breaking 2380 can directly open long positions