Observing from the daily chart level, the current price is still below all major moving averages, and the short-term moving average system is in a short positions arrangement. There is strong resistance around 95,000, which is the lower edge of the previous dense trading area.
To reverse the current weak pattern, it is necessary to first recover the 5-day line (91,000) and the 20-day line (98,000). At the weekly level, attention should be paid to whether it can re-establish itself above the 10-week line (102,000), which is an important watershed for the medium-term trend.
It is recommended to adopt a staggered position building strategy, reducing positions at key resistance levels in a timely manner, and keeping sufficient cash to wait for clearer signals.
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.
4 Likes
Reward
4
5
Repost
Share
Comment
0/400
Iceiceice
· 11-28 13:51
Hold on tight, we're taking off To da moon 🛫
View OriginalReply0
CompositeMaterials
· 11-28 13:50
This is a very long and good life.
View OriginalReply0
CompositeMaterials
· 11-28 13:50
Just go for it💪
View OriginalReply0
CompositeMaterials
· 11-28 13:50
Steadfast HODL💎
View OriginalReply0
CompositeMaterials
· 11-28 13:50
Sharing joys and sorrows, it's the tea of life, and also the journey of life.
#Gate广场圣诞送温暖 Beware of short positions market!
Observing from the daily chart level, the current price is still below all major moving averages, and the short-term moving average system is in a short positions arrangement. There is strong resistance around 95,000, which is the lower edge of the previous dense trading area.
To reverse the current weak pattern, it is necessary to first recover the 5-day line (91,000) and the 20-day line (98,000). At the weekly level, attention should be paid to whether it can re-establish itself above the 10-week line (102,000), which is an important watershed for the medium-term trend.
It is recommended to adopt a staggered position building strategy, reducing positions at key resistance levels in a timely manner, and keeping sufficient cash to wait for clearer signals.