On the 4H chart, with the appearance of this engulfing rebound bullish candle, the market is likely to accelerate its drop in the short term and test the 91k demand zone, with the market data pattern returning to the previous pattern of waiting to test the middle band.
The current round of bearish market that started over the weekend is expected to come to an end, but the prerequisite is still that the price must stand firm at the middle band. Only in this way can a more positive tone be set for the subsequent trend, and market participants can further adjust their trading strategies based on this, closely monitoring the performance of the price near the middle band.
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On the 4H chart, with the appearance of this engulfing rebound bullish candle, the market is likely to accelerate its drop in the short term and test the 91k demand zone, with the market data pattern returning to the previous pattern of waiting to test the middle band.
The current round of bearish market that started over the weekend is expected to come to an end, but the prerequisite is still that the price must stand firm at the middle band. Only in this way can a more positive tone be set for the subsequent trend, and market participants can further adjust their trading strategies based on this, closely monitoring the performance of the price near the middle band.