Blockchain Portal Reports:
The sentiment of decline in the early morning and this morning did not reach below 3300, but bearish sentiment continues to ferment. This suggests that the weekly and monthly charts are poised for a wave of bearish volume (currently showing signs of weakening on the weekly and monthly charts). Therefore, today, intraday analysis continues to lean towards bearish decline from the early morning.
Looking at the daily chart, MACD at the bottom attempts a second bearish volume, KDJ shows a bearish cross with volume (note the strong bearish sentiment in the three indicators), and BOLL continues to weaken overall. In the main chart, the MA three-day moving averages are arranged bearishly, and today’s coin price closed below the MA5 daily average line with a bearish volume signal of red TD1. Hence, multiple technical indicators on the daily chart currently resonate bearish signals, suggesting a continuation of intraday short-term bearish movement. The crucial support remains at 3300 (extremely critical for the overall trend line of the market).
Looking at the 12-hour chart, indicators are not much different from the daily chart, with bearish resonance in the amplitude indicators. In the main chart, the coin price has fallen below the MA three-day moving averages and stabilized below them, with MA5 and MA10 showing significant declines in varying degrees. Therefore, intraday strategies continue to favor short positions.
In summary, personally predicting that today’s intraday coin price trend will continue to follow the bearish trend, the trading approach is to sell on rebounds, with 3300 remaining a critical support level. Pay attention to the overall trend line of the market; if the 3300 area is effectively broken and stabilized below, subsequent coin prices could head towards the 3120-3000 area. Conversely, if 3300 holds, there remains a probability of a rebound, although given the current bearish trading volume, there is a short-term probability of effectively breaking below 3300. Risk awareness is advised. This concludes the personal intraday market analysis, provided for reference only.
