Warning in the currency circle: Avoid guessing the bottom, and focus on structural analysis
The first principle: Do not guess the bottom blindly, the risk is extremely high. Using the structural analysis method, the current trend points to the lower edge of the channel, and the bottom range is estimated to be between 2000 and 1888. The double top pattern indicates that the decline may break the 2000 mark. The daily line has seven consecutive negative lines, which cannot be reversed by a small-level reversal. The market fluctuates violently, and misjudgment of the direction will lead to losses. Recommended strategy: Stay on the sidelines or go short with the trend.
Pay attention to the key position of the golden spiral at 1.618, which is around 2027 and may be touched. During the return channel, the probability of testing the bottom is high. Operation tips: Wait patiently for the opportunity, avoid chasing the rise, and stop when you are long, and don't be greedy.
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