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Friends who have been listening to Lao Guan's live sharing these past few days should still have a clear idea. Because what Lao Wang has been telling you these past few days is that the rise in prices cannot currently define an upward trend. I have been worried that prices may experience a downturn. Yesterday's live broadcast also talked about the top structure of the daily line level, which has now reached the 20k position. It is believed that the expected market trend after the 20k rebound mutation of the structure may experience a decline.
The price drop has occurred now, and in my opinion, this wave of decline is the starting point for the overall decline of about half a month at the daily level. Simply put, it means that there will be another downward trend in the market.
However, the downward trend cannot be continuously followed by an overall downward trend in the market, which will result in a stalemate during the trading session. Today's overall market is currently looking at the downward support of the 96000 point pancake. The downward resistance of Ethereum 3330.
As a rebound target, refer to the 98300 line in the big pie. Refer to line 3460 for Ethereum. My idea is to try short selling at these two target positions.
At the four hour level, the probability of a rebound for both currencies is higher. Because the current downward fork action of MACD requires a rebound to promote the closing effect before the duck opens its mouth. But at this point, I would like to make it clear that everyone should not try multiple trades just because they tend to rebound after four hours. Because at present, you need to understand that the overall trend is an expectation leaning towards a downward trend.
The dual currencies at the hourly level belong to a relatively standard form of stabilizing behavior. That is to say, in the current market, we are not optimistic about further downward movements in the short term. On the contrary, it is believed that there will be some adjustment time for the market here. That is to say, if there are multiple positions at the current position, they can still be held temporarily. If there are open positions in this position, you need to have some patience.
In fact, the overall volatility of the market during this period is relatively weak compared to the daytime trading. But it may only gradually strengthen in the afternoon or evening when the market fluctuates. We will also take advantage of tonight's live broadcast to sort out the current market situation for everyone.
Anyway, yesterday we included a series of intraday sharing starting from the title. I think everything is reasonable and satisfactory. See you live tonight.
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