In the live broadcast of Tianxia Community: After the price is turned back, dual currency or independent analysis

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/5658778060 Continuing with yesterday's market overview, the market has been influenced by Powell and Dong Wang. After experiencing an upward pull, it fell sharply again. Yesterday's market performance was considered a aftermath of the decline. At present, the dual currencies are showing a bottoming out and rebounding trend, but is this position a true bottom? It's worth considering. As our title suggests, the analysis of dual currencies should be conducted independently. Firstly, on the big cake. We have been emphasizing that the daily chart level has entered a volatile downward channel at the position of Da Bing. During the trading session, there were a total of three breakthrough movements. The first one was a downward breakthrough above the channel line, followed by a violent V-shaped reversal. After returning to the channel line, the individual broke through the oscillating upper edge. After breaking through, it fell again. However, the statements made a few days ago did not effectively break through the downward channel line of the price, but instead, it has once again broken through in recent days' backlash actions. At present, the rebound movement of the pancake is actually a behavior of testing the downward edge of the upward and downward channels. But combined with the bottom structure of the 4-hour level of the pancake, we believe that the price is highly likely to return to the downward channel line. Nevertheless, because the overall downward channel line is becoming increasingly clear. So we believe that prices should continue to decline after rebounding. As for Ethereum, although there is currently no clear downward channel, its head is not obvious, and at the daily level, Ethereum has taken on a top structure form. We tend to believe that this form will affect Ethereum's backward bearish action. Since both currencies exhibit some bearish behavior, why is independent analysis necessary? Because we believe that at the current stage, the upward height of Ethereum is unlikely to be very high. Our explanation for this is that in previous market movements, Ethereum's own trend was stronger than that of the Big Dipper. Therefore, under the premise of significant divergence between the two currencies, there may be a cycle of ups and downs, where the Big Dipper is currently mainly rising while Ethereum's current upward space is insufficient. Regarding this point, it involves the absolute top bottom structure created by Lao Guan himself. So it may be difficult to understand. So tonight our live broadcast will give you a detailed explanation. QQ group number: 835657547 QQ group link: https://qm.qq.com/q/Xb8tlPwBCC 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.