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Daily level:
1. Within the trend of the moving average, the violent pullback of the previous day, combined with the early morning pullback, cleared a large number of short positions for the second time. Therefore, the market has now cleared up almost completely, and there is no need to do consolidation. We need to complete the opportunity to explore below 106700 this week. At the same time, the moving average still shows no signs of stopping its decline and continues to fall, so the market maintains its previous view of oscillating downwards to get through this week;
2. We have paid attention to the formation of bearish or downward channels in Boll's trend multiple times. Today, the upward trend has turned and the downward trend continues to diverge, so the downward channel has been completely formed. We will follow the logic of downward oscillation until the final energy release;
3. After experiencing yesterday's pullback and fall, VR has confirmed the complete formation of a head within the trend of quantitative energy. Once a bullish trend appears, VR will no longer go head to head, but will instead complete the logic of a decline; After the unlimited rebound, OBV continued to turn downwards, which also indicates the establishment of the decline. Coupled with the fact that OBV has hit a new low, it tells us that the next few days will truly see a downward trend;
4. In the market trend of potential energy, RSI and MFI have already entered a state of adjustment. If Boll constructs a downward channel, it needs to enter the bearish range, and the remaining time of the decline needs to complete this form; The sustained stability of CCI below the zero axis also indicates a bear market;
5. In a balanced trend, the late band has basically completely detached from the currency price, telling us that the market is about to enter a downward trend. The price has once again been suppressed and pushed down, completely unable to catch up with the clouds above. The downward trend of the cloud at the end of the day may lead to a daily sharp decline in the next few days, so we are observing;
In summary, the market maker has emptied the last bearish positions and turned downwards to clear the long positions. The current trading volume is extremely light, and there is a possibility of a change in trading. Due to the potential for volume to attract long positions and the release of new lows, the price of the currency will continue to decline for the rest of this week to complete the construction of a downward channel;
QQ group number: 894399961
QQ group link: https://qm.qq.com/q/EALSSyaCbK
Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.