1000SATS Market Analysis
From the daily candlestick perspective, the market is once again undergoing a weekly pullback, very close to the previous spike position of 0.000109. From the 4-hour view, the market has started to stop falling, indicating that the smaller time frame is beginning to turn upwards.
From the MACD, green bars have already shown a reversal, and the market is about to rebound.
From the RSI analysis: the relative strength index's fast line indicator is at 12, with a low of 0.71, beginning to rebound, indicating that the smaller time frame market is slowly reversing.
Comprehensive analysis: On the daily level, the market has dropped to a bear market moment, while on the smaller time frame, the decline has stopped, and some indicators suggest that the smaller time frame market is beginning to reverse, which will gradually drive the larger time frame market to reverse as well. Those with remaining capital can speed up the process of building positions, waiting for the big market to arrive.
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