Yesterday was still in a sideways consolidation; the movement up and down was only slightly more than 1 point, and neither side broke through. This kind of price action differs somewhat from expectations. Yesterday shifted to a **“diatou”** upside move on rising volume. At the lower area, there’s about 600 points of **“diatou”** to trim part of the position and then wait again, while if it returns directly to the starting posture, although there isn’t much room, this kind of very small space also won’t be a “trap”—it’s just a bit short. The sideways consolidation shows that **“diatou”**-related gains and sells are in a stalemate, making it hard to make any further progress.



From a daily timeframe perspective, after closing with an extremely long lower shadow, it still closed with a small bearish candle, meaning the sell pressure above remains strong. But the pullback wasn’t strong enough; otherwise, it would have directly broken through 77 and then could move even further into weakness. We’ve already entered the weekend in terms of time. Generally, the weekend sees range-bound trading. So over the weekend, the focus should be on fundamentals. Without any fundamental impact, it’s almost just sideways consolidation. So you can first look at the range.

Around 771 for **“diatou,”** and around 782 for **“kong.”**
ETH-0,34%
BTC-0,88%
View Original
post-image
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
Add a comment
Add a comment
No comments
  • Pin