The market has experienced drastic fluctuations recently, mainly affected by the Mentougou incident and the German market crash. At present, the market has reached a key support position, and the next two days will be a very critical time node. In particular, the non-agricultural data will be released at 8:30 tonight, and the market trend will continue to be closely watched.
For the big cake, 58,300 is the neckline and the key point to determine the bull and bear positions. Once the market falls below the neckline and fails to recover within 3 days, the market will likely turn from the bull to the bear stage. Yesterday, the big cake directly fell below 58,300 with a middle Yin line, causing panic in the market.
Therefore, the trend of the next two days is very critical. As long as 58,300 is not recovered, it can be determined that the market is likely to enter a bear market.
The good news is that funds had the willingness to enter the market near 56,500 last night, forming a sign of competing with the short side; the bad news is that the funds are insufficient and the market continues to bungee downward.
For today's strategy, short orders are mainly used at present. Observe the market's joint efforts. If 58300 cannot be recovered within 2 days, it can be judged that the market is likely to enter a bear market.
The first support level is 55000, and the second support level is 50800; the first pressure level is 60626, and the second pressure level is 63000.
For the second cake, the neckline support level of 2880 is currently in hand. If it is to rise, it is a better choice to let the second cake carry the flag. However, the current short-side situation is arrogant, and Ethereum is difficult to support without joint efforts.
In addition, the price of U has risen to around 7.45, and the market is frantically entering U, and the forced long market has not stopped.
For today's strategy, short selling is the main focus. Observe whether the neckline of the second cake 2880 can attract large funds to enter the market to carry the flag. If it is effectively broken, it may accelerate the decline.
The first support level is 2880, and the second support level is 2623; the first pressure level is 3200, and the second pressure level is 3350.
