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Crypto Mario
@Square-Creator-852e02b9d62c
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$DOGS
2-hour chart, head and shoulders bottom pattern, rising expectations. You can try a small position
2-hour chart, head and shoulders bottom pattern, rising expectations. You can try a small position
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$BTC
BTC is currently at a high level.
According to the previous channel, the mid-line is around 61,000, but it may continue to fall.
At this position, you can clear the position appropriately. You can short appropriately, but don't chase the short position, be careful of being pulled up and liquidated.
BTC is currently at a high level.
According to the previous channel, the mid-line is around 61,000, but it may continue to fall.
At this position, you can clear the position appropriately. You can short appropriately, but don't chase the short position, be careful of being pulled up and liquidated.
See original
7.23
Don’t think about shorting yet!
Although this wave of rising market is smooth and there is no callback. But there are many callback positions at the small level.
At present, 68,000 is a big resistance point. Although the two attempts have not actually broken through, it is still too early to enter the market to short from the chart. It is safer to enter after the third attempt. Don’t forget the lesson of the ups and downs the day before yesterday!
Everyone be careful and wait patiently.
Don’t think about shorting yet!
Although this wave of rising market is smooth and there is no callback. But there are many callback positions at the small level.
At present, 68,000 is a big resistance point. Although the two attempts have not actually broken through, it is still too early to enter the market to short from the chart. It is safer to enter after the third attempt. Don’t forget the lesson of the ups and downs the day before yesterday!
Everyone be careful and wait patiently.
See original
$BTC
I have reminded you today, and I will say it again. There will be a correction.
If you still have long orders, you can reduce your positions appropriately.
Wait for the correction opportunity and buy at a low level.
I have reminded you today, and I will say it again. There will be a correction.
If you still have long orders, you can reduce your positions appropriately.
Wait for the correction opportunity and buy at a low level.
718 Market Analysis:
1. Only 53.3 million inflows were received by BTC ETF yesterday.
Logically, we can judge that the main players do not think that the current price is a reasonable buying range, so it can be understood that the low-cutting has basically ended until yesterday.
2. Currently, BTC is unable to break through 65,000.
After many attempts, BTC has not been able to break through 65,000 and encountered resistance. It is certain that it will pull back. It has been rising almost all the way since the lowest 53,000. It is naturally unhealthy without a pullback. Therefore, there will be a pullback in the near future. You can pay attention to the position around 62,500-61,500.
3. ETH ETF is imminent.
The listing approval of ETH ETF has been in the works for some time. This major node time will be accompanied by a wave of rises in the market. If other positive factors can be added, it will be as violent as BTC at the beginning of the year. Market sentiment is high. There is a great possibility that BTC will reach a new high.
4. The trend will pull back in the short term, and it is bullish in the long term.
It is expected that the market will pull back before the end of next week. Including this round, it is expected that there will be another round of deep correction before the rise can basically start. I personally believe that the gold harvest period will start in September with the positive impact of interest rate cuts.
1. Only 53.3 million inflows were received by BTC ETF yesterday.
Logically, we can judge that the main players do not think that the current price is a reasonable buying range, so it can be understood that the low-cutting has basically ended until yesterday.
2. Currently, BTC is unable to break through 65,000.
After many attempts, BTC has not been able to break through 65,000 and encountered resistance. It is certain that it will pull back. It has been rising almost all the way since the lowest 53,000. It is naturally unhealthy without a pullback. Therefore, there will be a pullback in the near future. You can pay attention to the position around 62,500-61,500.
3. ETH ETF is imminent.
The listing approval of ETH ETF has been in the works for some time. This major node time will be accompanied by a wave of rises in the market. If other positive factors can be added, it will be as violent as BTC at the beginning of the year. Market sentiment is high. There is a great possibility that BTC will reach a new high.
4. The trend will pull back in the short term, and it is bullish in the long term.
It is expected that the market will pull back before the end of next week. Including this round, it is expected that there will be another round of deep correction before the rise can basically start. I personally believe that the gold harvest period will start in September with the positive impact of interest rate cuts.
See original
718 Market Analysis:
1. Only 53.3 million inflows were received by BTC ETF yesterday.
Logically, we can judge that the main players do not think that the current price is a reasonable buying range, so it can be understood that the low-cutting has basically ended until yesterday.
2. Currently, BTC is unable to break through 65,000.
After many attempts, BTC has not been able to break through 65,000 and encountered resistance. It is certain that it will pull back. It has been rising almost all the way since the lowest 53,000. It is naturally unhealthy without a pullback. Therefore, there will be a pullback in the near future. You can pay attention to the position around 62,500-61,500.
3. ETH ETF is imminent.
The listing approval of ETH ETF has been in the works for some time. This major node time will be accompanied by a wave of rises in the market. If other positive factors can be added, it will be as violent as BTC at the beginning of the year. Market sentiment is high. There is a great possibility that BTC will reach a new high.
4. The trend will pull back in the short term, and it is bullish in the long term.
It is expected that the market will pull back before the end of next week. Including this round, it is expected that there will be another round of deep correction before the rise can basically start. I personally believe that the gold harvest period will start in September with the positive impact of interest rate cuts.
1. Only 53.3 million inflows were received by BTC ETF yesterday.
Logically, we can judge that the main players do not think that the current price is a reasonable buying range, so it can be understood that the low-cutting has basically ended until yesterday.
2. Currently, BTC is unable to break through 65,000.
After many attempts, BTC has not been able to break through 65,000 and encountered resistance. It is certain that it will pull back. It has been rising almost all the way since the lowest 53,000. It is naturally unhealthy without a pullback. Therefore, there will be a pullback in the near future. You can pay attention to the position around 62,500-61,500.
3. ETH ETF is imminent.
The listing approval of ETH ETF has been in the works for some time. This major node time will be accompanied by a wave of rises in the market. If other positive factors can be added, it will be as violent as BTC at the beginning of the year. Market sentiment is high. There is a great possibility that BTC will reach a new high.
4. The trend will pull back in the short term, and it is bullish in the long term.
It is expected that the market will pull back before the end of next week. Including this round, it is expected that there will be another round of deep correction before the rise can basically start. I personally believe that the gold harvest period will start in September with the positive impact of interest rate cuts.
See original
The panic greed index has reached 70. The price has also reached the middle track.
BTC 66,000 forms a strong resistance, everyone should guard against risks.
BTC 66,000 forms a strong resistance, everyone should guard against risks.
See original
$NEAR has been running all the way, and it has risen by almost 20 points!
Have you eaten it?
Have you eaten it?
715 Market Analysis
7/15
I shouted PEPE this morning. Is everyone on the bus?
If you haven't gotten on the train yet, you can consider waiting for a pullback before getting on the train. In the daily K dimension, PEPE is still considered to be in the bottom range.
If you are still in the car, it depends on personal preference whether to hold the spot long or reduce the position, but be sure to protect your principal and loss!
Analyze the market situation.
1. BTC daily bottom pattern is formed, and there will be a small rise.
BTC has been rising for several days, and the daily level has stabilized and formed a bottom pattern. The market sentiment has changed from yesterday's 27 panic to today's 55 neutral, and a round of rise has begun. The upper pressure is at 63,000, so keep an eye on the market.
2. We need to wait for the rise to break out.
I shouted PEPE this morning. Is everyone on the bus?
If you haven't gotten on the train yet, you can consider waiting for a pullback before getting on the train. In the daily K dimension, PEPE is still considered to be in the bottom range.
If you are still in the car, it depends on personal preference whether to hold the spot long or reduce the position, but be sure to protect your principal and loss!
Analyze the market situation.
1. BTC daily bottom pattern is formed, and there will be a small rise.
BTC has been rising for several days, and the daily level has stabilized and formed a bottom pattern. The market sentiment has changed from yesterday's 27 panic to today's 55 neutral, and a round of rise has begun. The upper pressure is at 63,000, so keep an eye on the market.
2. We need to wait for the rise to break out.
See original
Another reminder.
Today the market rebounded sharply, BTC exerted its strength, and the altcoins also surged.
But xrp almost lay flat for a day, without the previous upward momentum.
I don't think xrp will continue to pull up, 0.55 is a relatively difficult mid-line, everyone can really consider driving a new car, after all, new cars are fast and powerful!
Today the market rebounded sharply, BTC exerted its strength, and the altcoins also surged.
But xrp almost lay flat for a day, without the previous upward momentum.
I don't think xrp will continue to pull up, 0.55 is a relatively difficult mid-line, everyone can really consider driving a new car, after all, new cars are fast and powerful!
XRP is very strong, with all three key points physically broken through.
I don't think it can perform so strongly just by relying on a lawsuit. The main reason is the dealer's pull.
In this bull market, the overall XRP rise is not big, the highest is 0.7, many people saw 1, but failed to achieve it. As an old-fashioned stock, the wealth effect is obviously not as good as MEME. I think this round of pull is too early. Even if it returns to the long-term 0.55 level, it may not necessarily lead to a new round of rise.
Everyone should hold it with caution.
I don't think it can perform so strongly just by relying on a lawsuit. The main reason is the dealer's pull.
In this bull market, the overall XRP rise is not big, the highest is 0.7, many people saw 1, but failed to achieve it. As an old-fashioned stock, the wealth effect is obviously not as good as MEME. I think this round of pull is too early. Even if it returns to the long-term 0.55 level, it may not necessarily lead to a new round of rise.
Everyone should hold it with caution.
See original
715 Market Analysis
7/15
I shouted PEPE this morning. Is everyone on the bus?
If you haven't gotten on the train yet, you can consider waiting for a pullback before getting on the train. In the daily K dimension, PEPE is still considered to be in the bottom range.
If you are still in the car, it depends on personal preference whether to hold the spot long or reduce the position, but be sure to protect your principal and loss!
Analyze the market situation.
1. BTC daily bottom pattern is formed, and there will be a small rise.
BTC has been rising for several days, and the daily level has stabilized and formed a bottom pattern. The market sentiment has changed from yesterday's 27 panic to today's 55 neutral, and a round of rise has begun. The upper pressure is at 63,000, so keep an eye on the market.
2. We need to wait for the rise to break out.
I shouted PEPE this morning. Is everyone on the bus?
If you haven't gotten on the train yet, you can consider waiting for a pullback before getting on the train. In the daily K dimension, PEPE is still considered to be in the bottom range.
If you are still in the car, it depends on personal preference whether to hold the spot long or reduce the position, but be sure to protect your principal and loss!
Analyze the market situation.
1. BTC daily bottom pattern is formed, and there will be a small rise.
BTC has been rising for several days, and the daily level has stabilized and formed a bottom pattern. The market sentiment has changed from yesterday's 27 panic to today's 55 neutral, and a round of rise has begun. The upper pressure is at 63,000, so keep an eye on the market.
2. We need to wait for the rise to break out.
See original
$NEAR 6 points increase
$ARKM and $RNDR are 4 points respectively
It has not reached the ideal goal, but BTC has reached the key pressure point, so you can consider reducing your position or leaving the market.
$ARKM and $RNDR are 4 points respectively
It has not reached the ideal goal, but BTC has reached the key pressure point, so you can consider reducing your position or leaving the market.
7/13 Market Analysis (with password)
When I woke up in the morning, I first looked at the price of BTC. The 58,000 mark has not been broken, and the low-level orders of ETH and SOL have not been traded. OK, that means the market is still playing dead. From all levels, the market is repeatedly drawing doors. In this case, I think it is really difficult to make money, so be cautious. Analyze today's market
1. Look at the BTC market
After reaching the bottom on July 5, it began to move in an upward channel trend. The upper edge of the channel has never been able to stand firm at the key resistance level of 58,200. This part has a lot of selling pressure. Combined with Germany's recent repeated smoke bombs, market sentiment has also been infinitely mobilized, which is reflected in the repeated door-drawing in the market, but it cannot break through. And now it has begun to move in a downward accumulation channel. The two key positions below are marked in red. You can connect some positions.
1. Look at the BTC market
After reaching the bottom on July 5, it began to move in an upward channel trend. The upper edge of the channel has never been able to stand firm at the key resistance level of 58,200. This part has a lot of selling pressure. Combined with Germany's recent repeated smoke bombs, market sentiment has also been infinitely mobilized, which is reflected in the repeated door-drawing in the market, but it cannot break through. And now it has begun to move in a downward accumulation channel. The two key positions below are marked in red. You can connect some positions.
See original
7/14 Market Analysis
Conclusion: Beware of the risk of a pullback!
In the morning, Trump's shooting triggered a wave of market. After the shooting, Trump's approval rating was higher during the week, which was an indirect positive, and the overall market began to rise. But this period of market did not last. Starting at 10 o'clock, the market began to pull back. The following is my opinion on the market trend:
Technically, the weekly line is Yin-enclosing Yang, and the state continues. The daily line fell back to 169 after stepping down 288, and this position will inevitably react. The market quickly recovered from the previous downhill 56,000, and is currently repeatedly testing new lows and rebounding weakly, proving that the main force does not think it is just a good position to pull the market, and is still buying low or preparing to wash the car. In this round of adjustment, I see it going down. This is also in line with the online long-short liquidation ratio. Therefore, it is recommended to be cautious in going long.
The above suggestions are for reference only.
Conclusion: Beware of the risk of a pullback!
In the morning, Trump's shooting triggered a wave of market. After the shooting, Trump's approval rating was higher during the week, which was an indirect positive, and the overall market began to rise. But this period of market did not last. Starting at 10 o'clock, the market began to pull back. The following is my opinion on the market trend:
Technically, the weekly line is Yin-enclosing Yang, and the state continues. The daily line fell back to 169 after stepping down 288, and this position will inevitably react. The market quickly recovered from the previous downhill 56,000, and is currently repeatedly testing new lows and rebounding weakly, proving that the main force does not think it is just a good position to pull the market, and is still buying low or preparing to wash the car. In this round of adjustment, I see it going down. This is also in line with the online long-short liquidation ratio. Therefore, it is recommended to be cautious in going long.
The above suggestions are for reference only.
See original
XRP is very strong, with all three key points physically broken through.
I don't think it can perform so strongly just by relying on a lawsuit. The main reason is the dealer's pull.
In this bull market, the overall XRP rise is not big, the highest is 0.7, many people saw 1, but failed to achieve it. As an old-fashioned stock, the wealth effect is obviously not as good as MEME. I think this round of pull is too early. Even if it returns to the long-term 0.55 level, it may not necessarily lead to a new round of rise.
Everyone should hold it with caution.
I don't think it can perform so strongly just by relying on a lawsuit. The main reason is the dealer's pull.
In this bull market, the overall XRP rise is not big, the highest is 0.7, many people saw 1, but failed to achieve it. As an old-fashioned stock, the wealth effect is obviously not as good as MEME. I think this round of pull is too early. Even if it returns to the long-term 0.55 level, it may not necessarily lead to a new round of rise.
Everyone should hold it with caution.
July 12
$XRP
Currency: XRP
Risk warning, it has peaked, you can reduce your position.
I scanned the market today and saw that XRP was rising very well. I dug deeper and found that it was driven by news. But putting aside the news, we only look at the market. Although it is rising continuously, there are 3 pressure points above. The recent 0.47 has formed a support-resistance exchange and has been verified. The two pressure points above are the 288 moving average and the previous high 338 moving average. There is a high probability that it will not break. As before, the downward trend after the pin is inserted will be the expected trend.
XRP is an old copycat. This time it became popular due to the news, but the coin itself has always been tepid. Except for the official hype on X, there is no eye-catching performance. And the tradition of the coin circle is to speculate on new but not old, so it is difficult for XRP to have another round of explosion.
So it is recommended to reduce positions if you have positions.
Shorting is not recommended. After all, this coin has market sentiment now, and it is hard to say whether it will continue in the future. Be cautious in shorting. You can get on the bus after the retracement is over.
$XRP
Currency: XRP
Risk warning, it has peaked, you can reduce your position.
I scanned the market today and saw that XRP was rising very well. I dug deeper and found that it was driven by news. But putting aside the news, we only look at the market. Although it is rising continuously, there are 3 pressure points above. The recent 0.47 has formed a support-resistance exchange and has been verified. The two pressure points above are the 288 moving average and the previous high 338 moving average. There is a high probability that it will not break. As before, the downward trend after the pin is inserted will be the expected trend.
XRP is an old copycat. This time it became popular due to the news, but the coin itself has always been tepid. Except for the official hype on X, there is no eye-catching performance. And the tradition of the coin circle is to speculate on new but not old, so it is difficult for XRP to have another round of explosion.
So it is recommended to reduce positions if you have positions.
Shorting is not recommended. After all, this coin has market sentiment now, and it is hard to say whether it will continue in the future. Be cautious in shorting. You can get on the bus after the retracement is over.
See original
7/13 Market Analysis (with password)
When I woke up in the morning, I first looked at the price of BTC. The 58,000 mark has not been broken, and the low-level orders of ETH and SOL have not been traded. OK, that means the market is still playing dead. From all levels, the market is repeatedly drawing doors. In this case, I think it is really difficult to make money, so be cautious. Analyze today's market
1. Look at the BTC market
After reaching the bottom on July 5, it began to move in an upward channel trend. The upper edge of the channel has never been able to stand firm at the key resistance level of 58,200. This part has a lot of selling pressure. Combined with Germany's recent repeated smoke bombs, market sentiment has also been infinitely mobilized, which is reflected in the repeated door-drawing in the market, but it cannot break through. And now it has begun to move in a downward accumulation channel. The two key positions below are marked in red. You can connect some positions.
1. Look at the BTC market
After reaching the bottom on July 5, it began to move in an upward channel trend. The upper edge of the channel has never been able to stand firm at the key resistance level of 58,200. This part has a lot of selling pressure. Combined with Germany's recent repeated smoke bombs, market sentiment has also been infinitely mobilized, which is reflected in the repeated door-drawing in the market, but it cannot break through. And now it has begun to move in a downward accumulation channel. The two key positions below are marked in red. You can connect some positions.
See original
July 12
$XRP
Currency: XRP
Risk warning, it has peaked, you can reduce your position.
I scanned the market today and saw that XRP was rising very well. I dug deeper and found that it was driven by news. But putting aside the news, we only look at the market. Although it is rising continuously, there are 3 pressure points above. The recent 0.47 has formed a support-resistance exchange and has been verified. The two pressure points above are the 288 moving average and the previous high 338 moving average. There is a high probability that it will not break. As before, the downward trend after the pin is inserted will be the expected trend.
XRP is an old copycat. This time it became popular due to the news, but the coin itself has always been tepid. Except for the official hype on X, there is no eye-catching performance. And the tradition of the coin circle is to speculate on new but not old, so it is difficult for XRP to have another round of explosion.
So it is recommended to reduce positions if you have positions.
Shorting is not recommended. After all, this coin has market sentiment now, and it is hard to say whether it will continue in the future. Be cautious in shorting. You can get on the bus after the retracement is over.
$XRP
Currency: XRP
Risk warning, it has peaked, you can reduce your position.
I scanned the market today and saw that XRP was rising very well. I dug deeper and found that it was driven by news. But putting aside the news, we only look at the market. Although it is rising continuously, there are 3 pressure points above. The recent 0.47 has formed a support-resistance exchange and has been verified. The two pressure points above are the 288 moving average and the previous high 338 moving average. There is a high probability that it will not break. As before, the downward trend after the pin is inserted will be the expected trend.
XRP is an old copycat. This time it became popular due to the news, but the coin itself has always been tepid. Except for the official hype on X, there is no eye-catching performance. And the tradition of the coin circle is to speculate on new but not old, so it is difficult for XRP to have another round of explosion.
So it is recommended to reduce positions if you have positions.
Shorting is not recommended. After all, this coin has market sentiment now, and it is hard to say whether it will continue in the future. Be cautious in shorting. You can get on the bus after the retracement is over.
See original
712
The market has gone through the most undesirable scenario.
Let's review it with you. The market will quickly increase volume at the latest when the news is good, and the stock trend of U has reached the lower boundary. We predicted yesterday that there will be only two trends here. One is to break down and bring a wave of market uptrend. The other is to continue to follow the channel and form a rebound to the lower boundary.
Unfortunately, the second one is to follow the good news. After the good news, the market shipped a lot and cleaned up the bulls again. At present, the stock of U has reached the middle track and is about to break through substantially. In other words, it is only a matter of time before it falls again. Judging from the performance of CPI data, the US economy is indeed in recession, so how much funds can flow in after the ETF is opened will be a new problem, so deep cleaning, small horses pulling small carts, will also be a good gimmick. It is expected that there will be another wave of liquidation next week.
But today, Friday, the main force of the market is still there. I think the trend will continue today, but it will also experience a small correction during the period. From the perspective of the overall market, the trend is downward, but the door is repeatedly drawn. The operation of this market is absolutely hell-level difficulty.
Over the weekend, if BTC stabilizes, the altcoin will still have an impressive performance. We recommend the main sectors, AI and MEME, and you can pay attention to them then.
The market has gone through the most undesirable scenario.
Let's review it with you. The market will quickly increase volume at the latest when the news is good, and the stock trend of U has reached the lower boundary. We predicted yesterday that there will be only two trends here. One is to break down and bring a wave of market uptrend. The other is to continue to follow the channel and form a rebound to the lower boundary.
Unfortunately, the second one is to follow the good news. After the good news, the market shipped a lot and cleaned up the bulls again. At present, the stock of U has reached the middle track and is about to break through substantially. In other words, it is only a matter of time before it falls again. Judging from the performance of CPI data, the US economy is indeed in recession, so how much funds can flow in after the ETF is opened will be a new problem, so deep cleaning, small horses pulling small carts, will also be a good gimmick. It is expected that there will be another wave of liquidation next week.
But today, Friday, the main force of the market is still there. I think the trend will continue today, but it will also experience a small correction during the period. From the perspective of the overall market, the trend is downward, but the door is repeatedly drawn. The operation of this market is absolutely hell-level difficulty.
Over the weekend, if BTC stabilizes, the altcoin will still have an impressive performance. We recommend the main sectors, AI and MEME, and you can pay attention to them then.
711 Market
The current market is just two words, uncomfortable!
The current position of USDT market share is at the lower boundary of the channel. Combined with the market day and market sentiment, I think there is an expectation that the overall market will continue to fall after rebounding upward.
But it is already at a high level, and it is sideways at a high level, and it also has a downward expectation, which means that the market will usher in a wave of rise.
So, is it going up or down?
My ability is limited, but I suggest that you observe the trend before driving. Don't worry, combined with today's news day, avoid double kills up and down.
The current market is just two words, uncomfortable!
The current position of USDT market share is at the lower boundary of the channel. Combined with the market day and market sentiment, I think there is an expectation that the overall market will continue to fall after rebounding upward.
But it is already at a high level, and it is sideways at a high level, and it also has a downward expectation, which means that the market will usher in a wave of rise.
So, is it going up or down?
My ability is limited, but I suggest that you observe the trend before driving. Don't worry, combined with today's news day, avoid double kills up and down.
See original
711 Market
The current market is just two words, uncomfortable!
The current position of USDT market share is at the lower boundary of the channel. Combined with the market day and market sentiment, I think there is an expectation that the overall market will continue to fall after rebounding upward.
But it is already at a high level, and it is sideways at a high level, and it also has a downward expectation, which means that the market will usher in a wave of rise.
So, is it going up or down?
My ability is limited, but I suggest that you observe the trend before driving. Don't worry, combined with today's news day, avoid double kills up and down.
The current market is just two words, uncomfortable!
The current position of USDT market share is at the lower boundary of the channel. Combined with the market day and market sentiment, I think there is an expectation that the overall market will continue to fall after rebounding upward.
But it is already at a high level, and it is sideways at a high level, and it also has a downward expectation, which means that the market will usher in a wave of rise.
So, is it going up or down?
My ability is limited, but I suggest that you observe the trend before driving. Don't worry, combined with today's news day, avoid double kills up and down.
See original
7/10 BTC market analysis:
Beware of scams! Be cautious with contracts!
At 12 noon, a positive line came, breaking through the pressure level of 58,200, and the highest was 59,470. However, I don’t think this is a new number of reversal, at most it is a small rebound. The daily line stands above 60,000 to start the reversal, but at present, I think it is far from it.
In the next market, my view is that it will still fluctuate between 5.6-5.9. Although I am a bull, I think it is unlikely to go up to 60,000 and then start a V-reversal.
First of all, since the new high, there have been few cases of closing positive lines for three consecutive days.
Second, the current market panic has reached 28, and many retail investors have been washed out again in the last wave. It is inevitable to be cautious without big good news.
Third, the news is still bearish, interest rate cuts, Germany, Mentougou, etc., these news noises are still bearish.
Finally, if there is no strong rebound in this bottom repair, there is a high probability that there will be three bottoming outs.
In my opinion, it is still a bull market, so I still think the current price is the bottom price, and it is not a loss to enter the spot market. As I said above, enter the contract market with caution. The uncertainty at the small cycle level is high.
Beware of scams! Be cautious with contracts!
At 12 noon, a positive line came, breaking through the pressure level of 58,200, and the highest was 59,470. However, I don’t think this is a new number of reversal, at most it is a small rebound. The daily line stands above 60,000 to start the reversal, but at present, I think it is far from it.
In the next market, my view is that it will still fluctuate between 5.6-5.9. Although I am a bull, I think it is unlikely to go up to 60,000 and then start a V-reversal.
First of all, since the new high, there have been few cases of closing positive lines for three consecutive days.
Second, the current market panic has reached 28, and many retail investors have been washed out again in the last wave. It is inevitable to be cautious without big good news.
Third, the news is still bearish, interest rate cuts, Germany, Mentougou, etc., these news noises are still bearish.
Finally, if there is no strong rebound in this bottom repair, there is a high probability that there will be three bottoming outs.
In my opinion, it is still a bull market, so I still think the current price is the bottom price, and it is not a loss to enter the spot market. As I said above, enter the contract market with caution. The uncertainty at the small cycle level is high.