Click on the link to enter Tencent Meeting Live: https://meeting.tencent.com/p/5658778060
Another trading day's volatility has ended. Mixed feelings of joy and sorrow.
The washing of Ethereum is completely in line with our expectations. Yesterday, we believed that Ethereum may continue to rise to its previous high of 2730, and we also thought that the price could test the 2800 point position at one point. This move has already occurred smoothly yesterday.
The concern is the big cake. According to our expectations yesterday, the price will face corresponding resistance at 108000 thousand eight hundred points and there will be a rebound movement. But in the end, it didn't take shape.
However, our analytical approach yesterday was still online. We informed everyone that independent analysis and reference are needed for both Taihe and Dabie, with Ethereum having more upward expectations and bias. On Dabie, we did not say that the market will definitely have upward behavior, but only focused on the oscillation space. Dabie has the requirement of being hindered from rebounding.
At present, although there has been a downward trend in the market, the overall oscillation space, which has been defined as the range of 107000 to 112000 points during this period, has not been broken, and there are still actions and behaviors that hinder the rebound of prices during the downward process. Therefore, we still need to analyze the market according to the previous oscillation pattern.
However, in this volatile process, the market always breaks the existing situation and does not play according to the routine. So let's revisit last week's analytical approach, which is to focus more on Ethereum trading during this period and pay less attention to the volatility of the big pie.
In summary, Ethereum is currently experiencing a situation of rising again. We will continue to follow the expectation of an upward trend in the market and make low to long operations as a reference. On the premise of not breaking the oscillation space, we continue to maintain the expectation of oscillation on the big cake, but appropriately relax the oscillation space.
QQ group number: 701829134
Aicoin： https://aicoin.com/link/chat?cid=2ARLLeaoM
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.
