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In the recent live broadcasts, Lao Guan mentioned that there may be overtime on Saturdays and Sundays. Everyone who knows me knows that I rarely go on Saturdays and expect significant market fluctuations on Sundays. But this week we may have to break this pattern.
However, I am not concerned about whether there will be significant fluctuations in the market on Saturday and Sunday. At present, we only know a few factors. The downward channel of oscillation defined before the daily line level on the big cake, after breaking the upper edge of the channel in the first two days, the price has returned to the range of oscillation again. At this position, the price has undergone a virtual upward channel movement and finally returned. We believe that this kind of regression behavior is a affirmation of the downward channel of this oscillation, so the probability that it will follow is another wave of downward movement at the daily level.
Secondly, at the 4-hour level, we found and reminded the establishment of the top structure yesterday. Of course, the establishment of the top structure also brought about a wave of downward price movements. At present, the 4-hour decision is running in the 8k position, and the overall situation is relatively good, so we still have greater expectations for the continued downward trend in the future.
The volatility expectation we provided yesterday for Ethereum was within the range of 2500 to 2600. However, currently Ethereum is still within this range and has not shown any signs of breaking. Therefore, we suggest that Ethereum simply try to go high and low within this range. It is worth noting that Ethereum is relatively close to the lower range, so it may be more important to pay attention to opportunities to go long on dips.
Although we believe that the probability of overtime in the weekend market is higher, currently it is the rhythm of the weekend, so we think it is difficult for the market to experience greater fluctuations during the daytime. So this afternoon during our live broadcast, we may be able to better sort out and analyze the market. Goodbye for today's live broadcast.
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