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The market has experienced a wave of expected and slightly unexpected fluctuations.
He was expected because we mentioned last Sunday that there may be a rebound and momentum building action in the current overall downward trend. We also mentioned last Sunday that we need to determine the weekly trend of this week's market. Of course, we have also discussed the upward pressure of 84000 points on the daily chart, considering the trading expectations after the upward breakthrough.
From the current situation, it can be confirmed that the initial concentrated resistance at 84000 points has been reached. So we have expectations for the continued upward trend of the market in the future. I have talked about several reference positions for the upstream before. The first one is from 85000 to 86000 points, which is basically in place. The second one is from 88000 points, and the third one is from 90000 to 91000 points. The latter two positions require attention to the current fluctuations in the market before making dynamic judgments.
Although the performance on Ethereum was relatively fierce yesterday, we certainly do not believe that there will be a better performance in Ethereum's analytical thinking. In fact, in his fluctuations, there was a clear decomposition yesterday, that is, during the daytime trading process yesterday, the upward momentum of Ethereum was relatively strong, but in the evening trading process of the large pie stretching upwards, Ethereum's rise was weak, and ultimately only rose to around 2060 points. So for Ethereum, we still adhere to our previous expectations that a flat bottom at the daily level holds and cannot ultimately form a bottom shape.
Failure is reserved for some people, but it is definitely not reserved for us. Although the market has broken our current plan, we can fully accept the current situation. As for the upward trend in the market, we should try more short positions. We should still follow the current trend and temporarily avoid it, focusing on long positions. We will analyze each one tonight as the market opens up.
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