Today's market was up and down, especially in the evening, the price fluctuated violently under the influence of Black Friday and non-agricultural data. The price fluctuated upward around 56,000 in the morning, reaching a high of 56,800 before falling under pressure. In the afternoon, the shorts increased again, and the price fell again, breaking the support level of 55,500. Then it fluctuated upward until the release of non-agricultural data in the evening. The market was stimulated by good news and there was a wave of thousands of points rising, reaching a high of around 57,000, and then fell again. The bulls were powerless to turn the tide. The whole process fluctuated by more than 3,500 points. We also entered the market many times in the real market. The intraday cake pocketed a total of 3,314 points of space, and the ether pocketed a total of 162 points of space. The performance of the market during the process was consistent with our previous expectations. If it breaks through the new low, it will continue to fall.
From the current trend, the daily structure continues to explore, and the price has fallen below the lower track. At present, the market is fluctuating at the bottom, but the rebound is limited, indicating that the bulls are still not dominant. From the bottom space, 53700 is not the lowest point before the rate cut. Combined with the 4-hour chart, the price has fallen below the lower track, and a small correction is expected at midnight. However, due to the large decline, the reference value of technical indicators has been reduced, and the overall bearish trend is still downward. It is expected that the short-term may maintain bottom shocks, and we will treat it with a high-altitude mindset.
