The analysis of the 1000SATS market on the day is as follows:
The yellow signal point appears at the 1-hour level, indicating a possible rebound.
The 2/4-hour level confirms that the market is currently dominated by the short side, and we need to pay close attention to market dynamics.
At present, we need to pay special attention to the 4-hour long-short watershed, that is, the dynamics near the price of 0.0003037.
The primary target of the rebound is 0.0003151 to 0.0003367, and further to around 0.0003630. If the price can stand firm in this range, the daily level is expected to usher in an upward trend with great potential.
If the price cannot stand firm at the above target, we need to pay attention to the support points below, which are located near 0.0002879, 0.0002797 and 0.0002602 respectively.
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Short-term and leveraged traders please closely monitor the market and strictly prohibit placing orders. In view of the large fluctuations in the market, please be sure to strengthen risk control and act with caution.