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The bearish trend continues, when will we see the bullish trend when we rebound?
Daily trend of Da Bing
From the daily trend of the Big Dipper, we can see that the recent price has broken through the consolidation area below after a week of consolidation, forming three bottoming out structures and starting a rapid upward trend in 4 hours. The price has reached around the 89000 level, forming resistance and starting to fall again. The MACD indicator below has also entered the adjustment area, and the market is likely to consolidate at a high level and then continue its upward trend.
Auntie's intraday trend
From the daily trend of Auntie's chart, we can see that Auntie has experienced multiple bottoming out periods, followed by another bottoming out and rebounding trend. In the past two days, she has shown a strong rebound trend to withstand pressure and fall back around 2100. Currently, she is at the support level of 2050, and the support below the market is approaching 2020. The MACD indicator below has also turned into a golden cross trend. In the following market downturn, she will continue to go long and wait for the market to continue to rise.
News: Trump called for strategic reserves, market bulls continued to cool, and tariffs continued to increase.
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Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
