The market was still relatively slow over the weekend, and there was not much room to give. The idea of first long and then short shared on Friday night was also confirmed. Friends who followed it can still grab very good profits!
From the trend point of view, the price of big cake rose to around 57,000 on Friday night and was suppressed, and then continued to fall to around 52,500. Friends who followed our thinking made a profit of 3,000-4,000 points very easily!
As for Ethereum, it also rose to around 2,410 on Friday, and then continued to fall to a minimum of 2,150. Friends who followed the idea also made a profit of 200 points very easily!
So from the current trend point of view, affected by the non-agricultural data on Friday, the price rose slightly and then fell rapidly. The main reason is that the current economic environment is not very good, so even with the positive stimulus of the subsequent interest rate cut, the current market is falling again and again!
The consolidation over the weekend also made the price gradually stabilize, but there is still strong suppression on the top, so the trend on Monday is likely to bottom out again. The specific support still needs to pay attention to whether the previous low will be broken again. As long as it does not break the previous low or pierces it slightly and recovers quickly, it is no problem to complete the double bottom and chase more. Once it directly breaks the previous low, there will be another round of deep retracement before the interest rate cut!
So for the specific operation ideas, we still have to pay attention to the line change situation on Monday morning and then look for opportunities. In the big market, we still don’t make left-side transactions at will, just go with the trend!
From the trend point of view, the price of big cake rose to around 57,000 on Friday night and was suppressed, and then continued to fall to around 52,500. Friends who followed our thinking made a profit of 3,000-4,000 points very easily!
As for Ethereum, it also rose to around 2,410 on Friday, and then continued to fall to a minimum of 2,150. Friends who followed the idea also made a profit of 200 points very easily!
So from the current trend point of view, affected by the non-agricultural data on Friday, the price rose slightly and then fell rapidly. The main reason is that the current economic environment is not very good, so even with the positive stimulus of the subsequent interest rate cut, the current market is falling again and again!
The consolidation over the weekend also made the price gradually stabilize, but there is still strong suppression on the top, so the trend on Monday is likely to bottom out again. The specific support still needs to pay attention to whether the previous low will be broken again. As long as it does not break the previous low or pierces it slightly and recovers quickly, it is no problem to complete the double bottom and chase more. Once it directly breaks the previous low, there will be another round of deep retracement before the interest rate cut!
So for the specific operation ideas, we still have to pay attention to the line change situation on Monday morning and then look for opportunities. In the big market, we still don’t make left-side transactions at will, just go with the trend!