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Happy Monday everyone, it's a new beginning of the week. Let's talk about the title first. This title was written by me yesterday, that is, last Sunday. Because I believe there may be an impulse for the market to fall first this week.
However, based on the current market situation, the price has not shown any downward trend, but has also experienced a wave of upward movement. However, this does not affect it because the upward trend does not appear to be particularly strong or sustained.
The reason for this viewpoint is that we have defined three sets of platform resistance at the daily level. They are 6600064000 and 61000 respectively. The three positions have taken advantage of the current market volatility. From three positions, the market will continue to fluctuate within this space. Currently, it can be seen that the price will stabilize at 64000 points before moving towards 66000 points, but there has been no effective breakthrough at the 66000 point level. So in this situation, we believe that there is still a possibility of a price drop or reaching the upper pressure level.
When it comes to the overall direction issue, although we believe that a price drop may occur, we do not pay much attention to the action of the drop, because in the overall trend expectation, we still tend to believe that the market will move out of the bullish direction. This is also another main reason why we believe that the market will break through the sky this week.
Therefore, in summary, today's market should not overly emphasize the upward trend of the market, as we still need to maintain the expectation of price retracement. As bulls, we hope that the price retracement can give us an appropriate opportunity to buy more. As for the details, including the details of short-term operations within the day, we can share them with everyone in tonight's live broadcast.
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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.
