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Another new week has begun. The contract market suddenly feels like every week passes faster.
Last week's price trend was marked by Friday as the watershed. Due to the impact of Friday's Independence Day on the market, the market entered a relatively weak volatility pattern ahead of schedule. Combined with the pattern of market fluctuations on weekends. There was a strong trend in the market before Thursday, but weak price fluctuations after Thursday.
From the current level of the pancake, the bottom shape has once again been established. The price has shown exceptionally strong performance after the formation of the bottom pattern this time. It belongs to the action of reclaiming lost territory. This move has also instilled blind confidence in the market towards bulls. At this point, Lao Guai reminds everyone to recognize reality and risks, and not to overly favor bulls. The performance of the market was not as ideal during the suspected bottoming out of the daily price levels that occurred multiple times before.
The bottoming out rebound this time has boosted the bullish confidence in the market, and the stance of Mianyang is also quite obvious. However, in terms of indicators, especially led by Mac D, it is not a stable bullish mentality. We also talked about this action during the live broadcast yesterday. If a weak market is expected to experience a stable upward trend, then the confirmation of price retracement at this position may be unavoidable.
Return to the title. It is the current market situation, and if there is an upward expectation, it is only a wave of expectation thinking. If there is a continuous upward expectation thinking, then we should consider multiple orders in the wave band. The senior official at this position does not recommend blindly chasing after high positions. In tonight's live broadcast, the senior class will give their own preferences and reference for the starting points of this wave with multiple frequencies. I am more inclined to find opportunities to enter multiple orders during possible price downturns.
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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.
