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To be honest, I am still glad to see such fluctuations in the pancake.
Yesterday, the big pie led the decline, and there were more or less currency movements following the market closure. And yesterday, it was quite obvious that despite the deep decline of the large pie, Ethereum did not experience a follow-up decline. On the contrary, stress resistance behavior has emerged.
After seeing the downward movement of the pancake, I was relatively relieved. Although we thought during our intraday analysis yesterday that the Big Dipper would not experience a deep decline, it did indeed fall nearly two thousand points again after reaching the expected 95000 points. Yesterday we mentioned that as the current location for the written test, it is crucial not to be indecisive about the direction. So, should we still adhere to yesterday's analysis and judgment regarding the big cake?
The answer is yes, some friends did not participate in our live discussion yesterday. Here, Lao Guan would like to repeat to everyone his opinion on the current market trend. You can fall back, consolidate, or fluctuate, but your downward expectations are still not high. Your downward movement still leans towards rebound repair. And I hope everyone remembers one point, the current daily chart level of the pancake has a flat topped prototype. We emphasize once again that a flat top cannot be a top. That is to say, no matter how the pancake is tossed around recently, you can understand it as the dealer washing the market. You can understand it as the market is in turmoil, but I don't recommend understanding it as the market starting to take a lead.
Regarding Ethereum, since it has shown resilience, it has unexpectedly emerged from strong independent fluctuations. So we need to continue to have confidence in Ethereum, including as we discussed yesterday when analyzing Ethereum. Ethereum is currently experiencing the expected surge in the market, although this surge may not last long. But we need to firmly believe in his current strength.
We will carefully analyze the other small currencies during tonight's live broadcast. Try to find more trading opportunities. The current market expert wants to say a particularly heartfelt sentence. That is why the current market fluctuations truly test everyone's trading psychology and mindset.
You can worry about risks, you can try to wait and see. But this inevitably means that you may miss out on the subsequent fluctuations and profits.
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Disclaimer: The above content only represents the author's personal views and is for communication and sharing purposes only. It does not represent the position or viewpoint of AICoin and does not constitute any investment advice or external contacts based on this. It is not related to AICoin and the consequences are borne by AICoin.