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Last weekend, the market experienced two consecutive days of consolidation, and we also made our expectations for this week's market on Saturday, believing that there will be a major downward trend in the market this week.
From the daily chart level, the continuous downward trend of the market has reduced the liquidity of funds in the market. Retail investors have now lost trading confidence in the pancake market. Actually, we have discussed this before, as a matter of contract trading. What we need to value more is not the direction up and down, but the expected trading space. If the visible space is relatively small, then I believe no one is willing to do contract operations.
As a spot market, it is also the same, with the market hovering at the bottom for a long time. Without better downward movements, the investment desire of spot traders weakens, and there is no stronger upward trend, which also leads to a very pessimistic market sentiment towards the future.
However, all of the above situations will be broken this week. August will definitely be a difficult month, but after August, it will definitely be a turning point in the overall direction. This week, according to our expectations, the market will continue to decline at the beginning of the week. Of course, it is not important if this action does not occur, because in our thinking, we believe that there is a greater possibility for the price to continue to rise in the upward trend. So in our thinking, a relatively simple approach is that if the price falls at the beginning of the week, we will follow last week's expected position to buy at the bottom. If we launch an upward attack this week, we will also follow the previously defined strategy of breaking through and chasing long positions on the upper strong group platform for reference in long orders.
As the least empty, we believe that the current overall trend does not have any expected phase gaps in the overall signal. So in the current situation, we are more inclined to seek opportunities for multi order operations, and I would like to remind everyone present that this wave of bullish trends will exceed your imagination.
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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.
