#PEOPLE $PEOPLE PEOPLE Daily Market Analysis
At present, the 1-hour level has clearly shown a bullish trend, while the 2- to 4-hour levels are under the control of the bears, so it is not advisable to rush to do more.
Whether the market can usher in another rebound depends on whether the market can effectively stabilize near 0.7502, and this price should be the focus of our attention.
For the current 4-hour decline, we expect its targets to be concentrated near the three price areas of 0.07233, 0.07168 and 0.07103. If the callback does not fall below the above three prices, there will be an opportunity to enter the market with long orders, and the target can be set at
0.07626, 0.07693 and 0.07757.
Short-term traders need to keep a close eye on the market dynamics and are prohibited from blindly placing orders. As for the long-term spot strategy, it is recommended to keep the status quo, that is, buy in moderation when there is a small drop, and increase the buying power when there is a big drop.
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