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What you see in the title is what you get, let's not worry about anything
At present, both the Big Dipper and Ethereum have shown signs of oversold. Among them, the form of a large pie is more obvious, because at the weekly level, the downward trend of the large pie has basically touched the MA60 line of the weekly line. We mentioned as early as Saturday that the weekly level will show a downward trend this week, and the downward target will run at the MA60 level.
From the current situation, the price has reached a certain level, and there have been more or less bottom deviations and obvious stop downs in the daily and below cycles. Therefore, at this position, we sincerely suggest that the current market will experience an oversold rebound during a downward trend, with a target of 104000~105500 points for the big cake rebound. The rebound target of Ethereum refers to the 3550 region.
Remember that we have the expectation of buying the bottom and looking for a rebound at this position, not because of the intraday decline. I would like to emphasize again that we predicted this wave of decline last Saturday, and now it has fallen to our previous target. Remember this sentence!
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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.