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We have already sorted and analyzed the dual currencies of Da Bing and Ethereum during the live broadcast yesterday. It has indeed been mentioned that MACD at the level of the daily chart is a two-way choice, and this choice is imminent.
Based on the current price performance, Da Bing may not have chosen the two paths we have set for him, but instead chose the most unlikely third route. The Mac D indicator at the position we discussed yesterday can either perform a golden cross action or a duck's mouth opening with a dead cross again. At present, the daily chart Mac D indicator has neither effectively formed a golden cross nor fully opened up a dead cross, and is in a parallel track. This behavior is the most difficult to judge behavior that we mentioned yesterday.
In that case, we will temporarily ignore the impact and expectations that this indicator can bring to the market. We are more inclined towards the current large pie in the daytime market, and the market will be dominated in a legitimate way. The upward target of the price is 104500, while the downward target can be referred to as 102500
From a small cycle perspective, there is a desire for prices to stabilize and stop falling, and from an overall macro perspective, we are more inclined to believe that the big cake will not have too much downward movement before an effective rebound appears, which is also what our title refers to. So based on this, I believe that today we should continue to identify the market in a legitimate way and respond to the current market fluctuations with a high and low trading mindset.
Additionally, it is worth noting that although Ethereum has experienced a significant decline, its downward movement has already reached an overall resistance platform position below, which cannot be ignored. Perhaps we should search for more bottom support and long positions during our daytime operations on Ethereum.
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.