Zongheng Freely: The market is undergoing a volatile consolidation, waiting for a direction to be chosen.

CN
1 day ago

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Yesterday's market can be said to have had no significant fluctuations, maintaining a state of consolidation. We analyzed this yesterday, and the form of consolidation was within our expectations. Currently, this belongs to the earlier consolidation area, and it's normal to return here and consolidate again. In terms of operations, the suggestions we provided yesterday did not yield any entry positions, so we observed for a day. Next, we wait for the consolidation to end, which should lead to market fluctuations, so be prepared to earn a larger profit margin.

On the market, the daily level showed consolidation yesterday, with the final K-line closing as a small doji bullish candle. For the current structure, the high position bullish doji K-line indicates that the bullish momentum is still present in the short term. Overall, the short-term bullish trend is not significantly affected, and the coin price is also running above the medium and short-term moving averages. The MACD remains in a bullish cycle, with the fast and slow lines forming a golden cross below zero and approaching the zero axis, maintaining a good short-term bullish outlook. In terms of data, recent whales are accelerating their purchases of Bitcoin, with buying volume reaching a new high for the year, especially in the past two days after Trump announced a pause in the tariff war, making this trend even more apparent. The pause in the tariff war, without negative news stimuli, has injected a strong boost into the market. Previously, tariff issues caused significant market fluctuations, and the price trends of various assets were full of uncertainty. Now that the situation has eased, it is evident that everyone is optimistic about the market in the second half of the year. In summary, according to normal market operations, in a bullish cycle, unless there are disruptions from Trump, the fundamental situation is still quite good.

On the four-hour level, there are some changes. Under the current high-level consolidation, there was originally a process of market repair from a technical perspective. Currently, it is undergoing consolidation. The MACD's bearish cycle has not shown any signs of a pullback, and the volume bars are shrinking. We are waiting for a return to the bullish phase, and we can look forward to whether the market can break through. The short-term resistance above is still at 88800.

In terms of operations, under the current trend, we will not short for now. Shorting needs to wait for the first upward test of resistance to make arrangements. For today, we will see if there is a pullback opportunity to complete the bullish layout. The entry position is around 84500, with 83500 for additional purchases and 82700 for defense. The target is to look at the 87500-88500 area. Upon the first touch, we can look for opportunities to short, and we will conduct real-time order operations at that time.

Ethereum is slightly weaker; let's look to buy near 1580. When will Ethereum break through 1750? It should be better then.

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article is subject to review and publication, and market changes in real-time may lead to information lag. Specific operations should follow real-time strategies. Feel free to contact us for market discussions.】

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