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Lao Bao's speech has settled, and its impact on the market is not particularly severe. Therefore, the market still needs to return to its own fluctuating trend.
We talked yesterday about the deep decline of the Big Dipper and Ethereum. The decline of both the Big Dipper and Ethereum has broken the key resistance to the downturn. We received a price drop yesterday and expect a pullback test resistance on the premise of breaking through key resistance. At present, this situation is quite evident.
Under this influence, there will be a sustained period of consolidation in the price, which can be a sideways movement, a rebound, or a slight decline. We are more inclined towards a slight rebound in the price. So currently, on the premise of overall stabilization, it is recommended that we focus on buying on dips as much as possible in short-term trading. However, when the market rises, we will still have plans to engage in high-altitude operations.
As a whole, we currently consider it to be the consolidation stage after a price drop, which means we identify it as a transitional period of decline. This means that after consolidation at this position, there will be a higher probability of further decline.
This is also what we have been emphasizing these past few days to prepare funds for everyone, because we believe that the market is coming big. Of course, we will still share with you the corresponding analysis and subsequent operational ideas during today's live broadcast.
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.