The trend of the pie is changing rapidly, and Saturday may usher in a key node!
The pie market has been turbulent recently, and the upward channel is under heavy pressure. The mid- and long-term trends are hanging on a line, and may be just short of the last drop to complete the bottom. Judging from the current price trend, the K-line pattern shows violent fluctuations, with frequent upper and lower shadow lines, highlighting the heavy selling pressure in the market.
In the 4-hour K-line chart, the correction trend is obvious, especially the big negative line on the 27th, which is like a heavy hammer, beating the war drum of short sellers. Technical indicator MACD shows that bears are strong and dominant, with downside risks intensifying for the market.
The pie is looking to dip down to 92,000 again, while ether is looking towards 3,100.
The new year is approaching, and every decision-making step is related to profit and loss. Whether to seize the opportunity and "take the advantage of the market" or make strategic mistakes and "take the soil and lose money" depends on this thought.