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Yesterday we defined the market as a confirmation of support action based on the overall price retracement.
Of course, this action was captured by the market, which experienced a relatively rapid pullback yesterday. At present, the pancake has retreated to the upper edge of the previous pressure in the entire region.
Both Big Dipper Ethereum experienced a pullback, but the significance of the two pullbacks is not the same. The pullback of Big Dipper was confirmed by the retracement after the upward pressure was broken, while the intentional pullback behavior was completely required by the market itself.
Many people believe that the current daily chart level of the Big Dipper Ethereum is a bullish trend, and Old Guan also thinks so. However, we need to understand that the daily chart patterns of the two currencies are actually different in the short term. From the current daily chart pattern of the two currencies, the price tends to have a rebound after hitting the bottom. We will discuss this in detail during the live broadcast.
Also, today is Friday and the market will experience fluctuations and consolidation on Saturday and Sunday. Do we need to work overtime this weekend? I haven't figured this out yet, but of course we will provide you with a reference as we delve deeper into tonight's market analysis live broadcast.
Although this week's market has been quite volatile, it ultimately ended hastily. Therefore, we believe that the approaching reversal should occur next week, or even this weekend. So I hope everyone can seize this opportunity with heart.
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