The market volatility trend has not changed, pay attention to the next direction choice!
Looking back at the recent market trends and operations, the results are really not unexpected. The market lost momentum after the high, and turned back again. It has not been able to stand steadily above 100,000. Once the market sells off, it directly fell to around 95,200. Our Ethereum 3500 high short orders have all made money.
The old point of view still needs to be mentioned. The current market is just a wash. No matter how it jumps up and down in the short term, the general direction is still a wash.
Why is it a wash now? Simply put, in terms of capital flow, once the 100,000 mark is passed, those who made money in the past began to sell, and the market lacked the momentum to rise. In this way, the high-level currency price has to be adjusted, and coupled with the negative news after the Federal Reserve's interest rate decision, the wash effect is even better. After all, it is impossible to keep rising from November to now. The market rules must rise and fall.
After falling to around 95,200 yesterday, it is now back to around 96,200. From a technical point of view, the short-term support below is around 94,000, and the short-term pressure above is around 96,800. Let's do short-term trading around these two positions.
On the Ethereum side, the short-term support below is around 3,220, and the pressure above is around 3,300. It is also operating around these two positions.
As for the altcoins, looking at the on-chain data, there is still a story to tell in the AI side, and there are also those currencies that the institutional bosses mentioned before stand on. Other currencies have not been good in the past two days, and altcoins are still the same. If the decline is severe, you can pick up some cheap ones and see if there is a chance of rebound.
Now that ETH has pulled back to around 3,300, the opportunity to buy the bottom of the altcoin is coming soon! I have carefully selected a currency that is expected to increase by 5-10 times for everyone. Leave a message + like, and share it for free!
