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Someone always tries to explain the fluctuations of the market with news and events. For example, yesterday's sharp drop in prices, many friends associate it with some situations related to the Iran nuclear issue. If I say we predicted this week's trend as early as last week, would you still be superstitious about the impact of events on the market?
Last week, we carried out a batch of short positions to take profits after the price fell. On Sunday, we predicted that the market would decline this week. In yesterday's sharing, we estimated that the depth of the decline of the large cake would be around 104200 points. Later, we have added that the large cake will be supported in the area of 104200~103600.
From the current perspective, our expectations are completely accurate, which means that the downward target we expected in the first step has been achieved. The two currencies exhibit different volatility patterns. The pancake has returned to the previously defined oscillation target after falling to a sufficient level. Tonight's live broadcast will also clarify this oscillation space on the microphone for everyone. We believe that the operation of the future market should refer more to this space for trading.
And ether is equivalent to performing a step change fluctuation action. The originally defined strong support position of 2520 has been broken, and the current price is running below the original support position, turning support into pressure. But in today's market, we have observed that it is still attempting to return to the support range.
So currently, in the dual currency market, we believe that under the premise of the first step of a significant decline, we should appropriately consider the price or rebound behavior that may occur. This is also what our title says. Since the current market has experienced another downturn, we should not overly emphasize the follow-up of the market's downward trend. Our main strategy still needs to maintain short selling at high prices.
The specific content is not presented one by one in this article. We will share more details with you in tonight's live broadcast.
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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.
