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The market has given us another round of experience.
Perhaps Lao Guan has also entered a stage of self blind confidence, but I always feel that we had a similar analysis of this market during our live broadcast yesterday.
I think the volatility of this market is in line with my expectations, except for Ethereum. As for the big cake, we actually mentioned in yesterday's analysis that we believe there will be such a rebound in the market. We even emphasized during the trading session that as long as the upper edge of the oscillation space is not broken, the large cake can be recognized as a downward trend.
Why does our title say that currently is the most important turning point for the big cake? Because at the current time point and the current form of the candlestick indicator, if Da Bing can continue to exert upward momentum today, the high probability it will bring to him is a historic breakthrough. Of course, on the other hand, if there is no effective upward movement in the pancake today, but a downward movement, then what is more optimistic about in the coming period is the downward trend of the pancake.
In fact, this concept also applies to Ethereum. Currently, there has been no upward movement in the top of the 10kth daily chart structure of Ethereum, although this is only temporary. As a top player, Ethereum's 10k has shown a fluctuating rebound trend. Under normal logic, if there is an upward trend in the top structure and 10k, we will have the intention to short. However, due to the awkward location, we will temporarily hold our ground.
Today is Friday, and we will experience a two-day fluctuation of Saturday and Sunday in the future. Saturday and Sunday are often the most difficult days to grasp, and I don't want to catch up with the weekend market at this time. However, it has indeed appeared, so tonight we will also try to analyze and talk about future market expectations.
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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.
