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As mentioned in the question, the current market is in a temporary state of stabilization. Unlike before, this time we will directly write the overall idea in the title.
Why? Because the current stop down action at this position does not need to be overly emphasized. But for the behavior of the main force, how should we analyze the possible future operation? This is the most important point.
Both daily level dual currencies have shown a significant downward trend. Especially the lower shadow of Ethereum is more obvious, reflecting that among the dual currencies, Ethereum is more powerful.
Why do we have to dwell on the current measures to stop the decline? Because in my opinion, although the market has shown signs of bottoming out, I am not optimistic about the potential for price increases.
By analyzing the market with smaller cycles such as 4 hours. Looking at it in conjunction with the independent form of Mac D. We believe that the current market has entered a short-term rebound high point, where upward pressure is more likely to occur. In other words, at this point, although the market is magnetic, we believe that in the short term, there is a tendency for downward pressure.
Of course, this decline is just one of the ups and downs of the market within the volatile range. As for the expected changes in the later stage and the final clear direction, I believe it is not yet time.
As the market continues to fluctuate and deepen, we will continue to provide you with market interpretations during our live broadcast later today.
Tencent Meeting Number: 5658778060
QQ group number: 835657547
AIcoin group: https://aicoin.com/link/chat?cid=2ARLLeaoM
Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
