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The market has fluctuated by more than half this week. A market crisis is emerging. The oscillation still remains within the range. What do you think, Yuanfang?
During yesterday's live streaming sharing session, I discussed with my friends the current direction of price fluctuations. Lao Guan insisted on the bearish theory even though the weekly level peak structure signal was clearly not broken. Many friends have experienced some discomfort due to frequent sideways price fluctuations in recent times and believe that Jiuheng is not a good thing for bears.
But yesterday I already expressed my viewpoint that, even in larger cycles where there is a clear direction signal that has not been broken, we still need to adhere to the direction indicated by the signal. Secondly, the sideways consolidation of the market is not friendly to both bulls and bears. So we should objectively argue the market situation. Thirdly, at the daily level of the large pancake on the dual currency market, the oscillation downward channel we have provided has experienced multiple actions of breaking and recovering from the upper edge, including the overall market breaking through yesterday and today, but the behavior of recovering again does not reflect the weakness of the upward bid price and the weakening of the desire to rise.
For two consecutive days, we have been notifying everyone to be cautious of sudden and rapid upward movements in the market. However, this does not affect our expectation of short selling at positions 2600 and 2620. From the current performance, friends who have engaged in short trading between 2600 and 2620 are still under temporary pressure to hold short positions during the floating profit holding process.
So it can be seen that our current analysis approach to the market is still online. And our approach has been going on for almost a week, and under this approach, we can achieve significant benefits during this period. However, have you followed suit? So I say there are too many people coming and going in this market. But as an old Guan, I can only overcome those who integrate knowledge and action. The market never lacks losers and winners. Everyone, take care.
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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.
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