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As the title suggests, there is a very clear pattern of weekend market volatility in the past four weeks, which is weak volatility on Saturdays and amplified volatility on Sundays.
We shared the last lesson of last week on Saturday, which was mentioned in it. There won't be any fluctuations in the Ethereum market on Saturday, and it is believed that Saturday's market will be dominated by the fluctuation space and pattern at that time. But for Sunday, we emphasized that there may be a stronger upward trend in prices. So on Saturday, we suggest that friends who are short positions must adhere to the strategy of mainly trading at high altitudes. During the trading session, we also gave a big pie, and the short position of Ethereum was based on expectations.
Returning to the actual market, the targets we have set have not been fully achieved. However, the upward trend in price is exceptionally evident. Based on this fluctuation phenomenon, we believe that since we have anticipated such a situation, the market will continue to analyze and judge this week's main opportunities for short selling at high prices according to our expected thinking.
Of course, today is Monday, and we still maintain the usual fluctuation pattern of the market, which is that the daytime fluctuations on Monday are generally not particularly large, because the market has to digest the market fluctuations of the entire week last Monday. Our current concept of short selling at high prices will continue to be maintained until there are subsequent changes in the market.
Overall, it means finding opportunities to engage in short-term high-altitude operations during trading. There will be changes in the future market, and we will re evaluate it. For the current trend analysis of dual currencies, we still adhere to the bearish mindset.
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Disclaimer: The above content only represents the author's personal opinion 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. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.
