YGG accurate analysis of the day's market

In today's cryptocurrency market, YGG's trend shows a clear bearish dominance, and it is controlled by bears from 1 hour, 2 hours to 4 hours. However, there is also a hint of turning point in the market. Once our key indicators show a yellow signal, this may indicate that the market is about to usher in a rebound trend.

In today's trading, we need to pay special attention to the long-short watershed at the 4-hour level-the price near 0.7587. This position will become an important reference point for us to judge the direction of the market. If the market continues to go down, we need to pay attention to the support level below. First, 0.7295 will be the first line of defense. If this price is lost, the market may further test the two support levels of 0.7220 and the more critical 0.7146. These support levels are important references when the market goes down, and they are also key points for traders to adjust their strategies.

However, if there are signs of a rebound in the market, we also need to adjust our strategy quickly. First, 0.7812 will be the first pressure level to be broken. If it is successfully broken, the market may further challenge the two pressure levels of 0.7915 and the higher 0.8062. Whether these pressure levels are broken or not will directly determine the short-term trend direction of YGG.

Therefore, short-term traders are advised to pay close attention to the market dynamics and be ready to adjust their trading strategies according to market fluctuations. During the transaction, it is important to remain calm and rational, and avoid blindly chasing up or panic selling. At the same time, we must also pay attention to changes in other market factors in order to grasp the trend of YGG more accurately.

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