Trap: More than 8500 supports, why can't I see the rebound force?
Overall market:
Overall market:
The market in the past two days is actually a bit boring. There is nothing to say. The overall market has been supported in the range of 8200-8400 after falling below 9100. The upper shadow band volume K is very unfavorable to the bulls. In the long term, it has entered a short position. The target at the bottom is 6600. In the short term, it is a temporary short-term situation. The mainstream currencies are all fluctuating at low levels as the main trend.
In theory, if the bears rest weak, then the bulls should rise up and resist, but what we have seen is quite different from expectations
Let’s look at the 1-hour level. After the price touched 8500 many times, the room for rebound has been continuously reduced. The first time it touched and rebounded to around 8900, the space was 400 points, and the second time it was only around 8730. The rebound space was reduced by 200 points, and the price was 8640 at the time of publication. , Reaching 8,500 again, the rebound is only less than 150 points, indicating that the strength of the bulls is getting weaker and weaker. At the same time, we can see from the volume that the Air Force has not exerted force, so it directly hit the price back to around 8,500. The Air Force has not yet exerted force. Can recover the lost ground, once the force is exerted, the situation will be out of control
The rebound of 8500 is likely to be a trap.
Can 8500 buy the bottom?
You can bounce back, but don’t expect 8500 to be the bottom, at least not at the moment. If you get involved in the rebound, you should run as soon as possible. At present, shorting the rebound is still a relatively stable and excellent strategy
As mentioned above, the current market is oscillating and converging at a relatively low level. You can pay attention to the position of the upper edge of the triangle convergence. The reference price is 8734. The more reasonable key positions above are 9000 and 9200. Will consider the possibility of a trend reversal
Trading straregy
The idea is to rebound and short, the key pressure: 8734, 9000, 9200, I personally will intervene in a small number of long positions below 8500, radicals who want to buy bottoms can intervene in batches at 8500-8200, and place the stop loss at 8100
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ETC Strategy Today
ETC Strategy Today
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