Market Structure Analysis: Which Step Is NIGHT Taking?

From a technical perspective, NIGHT currently appears to be in a "transition zone" of the mid-term market. Short-term trends fluctuate multiple times, but key support levels have not been effectively broken, indicating that the market still consensus on its bottom value. Meanwhile, repeated testing of the resistance zone above also suggests that the main force is not in a hurry to push higher.

The moving average system shows a clear flattening state, representing a pause in the trend rather than a reversal; gradually shrinking volume is often one of the necessary conditions before a major move. What truly matters is not the rise or fall of a single candlestick, but whether the price can stabilize in key zones when volume increases.

If subsequent volume breakthroughs are accompanied by a pullback that does not break, the mid-term market can be considered truly initiated; otherwise, if the core structural level is broken, more time will be needed for repair. Therefore, on NIGHT, it is more suitable to "wait for confirmation before adding positions" rather than betting on the direction prematurely.

Consolidation is not a waste of time but a process of the market screening opponents. #发帖赢代币NIGHT