#POPCAT Observing market trends (

Conclusion: BTC is still maintaining short-term trading with an upward trend, but the price has not yet broken through the short-term pressure, so the downward trend is still maintained, but there is currently no opportunity to get on board. The recent short-term support is around 57500. ETH, like BTC, is still maintaining a short-term upward trend, with recent support around 2440.
BTC's support near 57500 on the daily chart is still ineffective in breaking through. Yesterday, there was a candle with a long shadow that tested the support level below. The current downward trend is weakening in strength.
The 12-hour cycle is currently in a decreasing oscillation state. The strength of the downtrend is weakening, and the volume in the session is very low. After 2 days, MA60 will begin to develop in the direction of 3 hours. However, there is not much time left for the remaining trend. If it continues to oscillate at a level of 57500+ and above, it will enter the density of the larger cycle.
In the 6-hour market data, the Rebound trend has reappeared, with a strong increase in the Rebound trend, however, there is no trading volume in the trading session, which also prevents the price from continuing to rise.
In the short-term market data of 2 hours, the value maintains in a sideways trend, but it is increasing horizontally. The trend intensity still remains strong, although it has weakened, but with the trend intensity of 4~6 hours increasing, the price will not change in the short term. The volume in the trading session is clearly less.
In the short-term market data of the 1-hour time frame, the failure to overcome the pressure around 58200, the actual pressure around 58400 has been tested but always suppressed. The short-term uptrend strength is currently decreasing due to fluctuations. The main reason for the current price's unchanging increase and decrease is the asynchronous market data. Therefore, we can monitor support around 57500, as the price has experienced a previous decline, and the next high is not higher.
ETH in the mid-term period may be even weaker than BTC, both in strength and main trend, from August 28 to the present, there is still room for price reduction.
In the 12-hour market data, the strength of the downward trend is also very weak, and the lack of synchronization is the main reason why the current price cannot decrease, when the current market data trend is in a high-density phase. The oscillation peak is near 2560, and the oscillation bottom is around 2400.
The 6-hour MACD has successfully converted, but without significant strength, in the session with Long volume, the volume is cooperative, but the actual volume is too small to push the pump trend.
Two hours also maintained a One side state, One side has been continuous for 9 hours, the power of the Bounce trend has weakened, the market data has successfully recovered from the minor deviation and the breakout pressure has failed, the pressure at two hours is close to 2465.
In 1-hour market data, short-term support is around 2440, the strength of the rebound trend is continuing to weaken, the current position to monitor is here, which could be a pivot point.
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Observing small change
Small talk
Popcat, ordi đã dừng lỗ và không thể vào lại trong thời gian ngắn.
Please cherish every order in hand, set up a good stop-loss, try to reduce positions. Don't close positions recklessly.
If you have no other orders in hand and still maintain your short position, you can place a very small position (not exceeding 1-2% of capital) with a conditional sell order at 57500.2440 (not a market price order) for BTC and stop-loss orders at 58500 for BTC, 2480 or 2490 for ETH.
As [c356], the daily chart has been going down consistently, with no intention of a big rebound. At this point, the price has broken the previous support and created a new low, leaving room for further decline. The 1-hour chart shows a significant downward deviation, indicating the potential for a rebound, with recent short-term pressure at 0.0212. Liquidity is too low, not recommended for participation. √
Popcat, SUN【Barbie Q】, The reset of popcat is not a 1-hour cycle, because the reset is too strong and continuous. Therefore, this reset is a 4-hour cycle, and because it is a larger cycle, the pressure is also a 4-hour cycle, nearly 0.62. From the perspective of the daily chart, it is maintaining fluctuations within 4 days [including today], weakening the strength of the downward trend. The 12-hour cycle is confirming the bottom, so it is still in an upward trend [larger cycle]. The 12-hour MACD has reversed. The deviation of SUN on the daily chart is still significant, and the strength of the downward trend continues to increase after the opening, but there is currently no volume. The support near 0.03 has been broken, although the deviation of the 12-hour cycle has been successfully corrected, it will be overwhelmed by the pressure from the upper layer, and the price cannot temporarily rise [under market law conditions] and the strength of the trend is weakening, the downward trend is weakening at the 6-hour cycle, and there is no volume in the trading session. The 2-hour cycle has a clear downward deviation, and there is also a need for reset in the 1-hour cycle, with the nearest pressure at 0.028. Because the price always has no room to rise [in larger cycles], and the price cannot temporarily decline [in shorter cycles], therefore, the current short-term reset of the price is a sideways trend.
Short order of 2425 [七安吖], stop loss can be set at 2480 level, if the loss is too large, please reduce the position on the spot. Stop loss is not scanned, expected to remain unchanged, will definitely see around 2360 first.
Ordi【桑吉】, the strength of the pump trend on the daily chart continues to increase. Usually, one side of the oscillation will reduce the strength of the trend, but for Ordi, the strength of the pump trend in the 12-hour cycle is not strong, it is also decreasing, but currently there is coordination from the Long position. Market data in the 6-hour cycle has broken the support level near 27.3 ahead, and has not surpassed the previous high, which is the main logic and condition of the short order. In the 1-hour cycle, there is once again a "trap", in the short term there is a similar double peak movement, the short-term trend has changed, but there is no strength of the trend, and there is no short volume in the session so it cannot be executed.
Uni【凌霄之上】wonders if Long can enter at the current price, the direction of daily wave trading is upward, and the strength of the upward pump trend is still increasing. The 12-hour cycle is also in a synchronous strengthening state, while the strength of the upward pump trend in the 1-hour cycle is weakening, and the price may stop rising and have a pullback demand. The recent short-term support is around 6.15. If this position is not broken, the turning point upward will be the condition for entering a Long order. √