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First of all, before writing today's article, it should be said that any market fluctuations are reasonable. So although we had high hopes for the 1-hour and 30 minute level immortal guidance yesterday, it is reasonable for him to perform actions caused by the back height. We also accept and consider it reasonable that he did not perform actions caused by the back height.
In recent days, the issue of tariffs in the United States has been frequently mentioned and discussed, and judges do not have as much energy to pay attention to such news. However, I know that the current market situation has certain technical guidance. As Lao Guan is currently writing this article, Da Bing and Ether are both attempting to break through their previous lows. Ethereum just experienced a low before breaking through.
We discussed on Monday that this market is brewing a daily level bullish structure, including the reason why we had bullish expectations yesterday. This is also because not only have there been some bullish signals in small cycles, but there is also a greater possibility of a bullish structure in large cycles. However, after one night, the world has changed completely. At present, Ethereum has broken through a new low, and the Big Dipper is only slightly away from its previous position. We had anticipated this position before. If the Big Dipper and Ethereum break through the daily low, the bottom structure of the daily line level that we are concerned about will not appear at this position in the short term. This gives you a chance to signal a bottom, but you have not effectively established an insightful action. Therefore, we tend to believe that there is a possibility of the market continuing to decline and explore.
Of course, the specific purpose of the sand drop again is not easy for us to define, because considering the support of the Ma60 level of the big cake weekly line, the market may continue to decline this week, and it is also possible to form a virtual breakout action at the weekly line level.
However, for me, we still need to engage in right-hand trading and wait for further developments in the market. My principle at this position is that if the daily chart of the big pie also shows a new low trend, there may be thoughts of chasing short positions, or even operations to chase short positions. I am optimistic about the market trend in the next two days and hope to continue to decline, trying to see a lower possibility.
Although our live broadcast on Maishang yesterday was relatively confident and unexpected actions did occur, our overall thinking actually has a high margin for error. As we discussed yesterday, if a decision is made on the daily chart, we will strongly bullish. If a bottom line is not reached, we will continue to bearish. As the title suggests, although the bulls seem to be about to succeed, this final step is as difficult as climbing to the sky.
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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.
