Market analysis:
The big cake broke through the 99-day line, but there was no accelerated decline after the break, but it was horizontal below the 99-day line. This situation may not be as terrible as imagined. There is also a support line on the weekly line. In summary, it is not as pessimistic as imagined.
Nvidia released its financial report last night, which far exceeded market expectations. A company with a market value of 5 trillion actually rose 24% after the market. The impact of the elephant's dance will be huge.
We have previously paid attention to the Apple-released MR helmet concept coin, and the trend of RNDR is also terribly strong. There is already capital behind it that associates it with the concept of computing power.
Let me reiterate what RNDR does. It gathers the GPU computing power that users don't use to render and process images and videos. This is a very pure computing power concept. The reason why Nvidia can rise so much is that the generative AI chip requires huge computing power support, and the chip shipments have skyrocketed. RNDR is a coin that came at the right time, but it encountered a weak Bitcoin. Once Bitcoin stabilizes, the shape of RNDR is enough to support acceleration.
Last time RNDR reached 2.99 and pulled a super long antenna, and Bro took profit directly. Now the pattern is good again.
Meat brother operation:
Dry RNDR.
Expected operation of Rouge:
Hold RNDR positions unchanged.