There was no unilateral movement over the weekend, but the fluctuations up and down have exceeded 2,000 points. If one could capture these market fluctuations, there would still be quite considerable gains. After all, such significant volatility over the weekend is relatively rare, making it a great opportunity to accumulate positions.
From the daily chart, it is not hard to see that after a continuous rise in coin prices, although there was a long-legged doji, the rhythm was not broken; the market is still in a continuous oscillation upward. However, from the current operational rhythm, the coin price is already undergoing a pullback and consolidation. Therefore, at this time, one should mainly avoid stepping in at high positions to prevent being locked in. On the 4-hour chart, after a rise on the 5th, the coin price quickly plunged, with a drop of 14,000 points, which is quite terrifying. However, after the downward plunge, the coin price also strongly rallied again, and then there has been market correction over the past two days. After the short-term coin price faces resistance in the upward movement, there has also been an action to probe downwards. So in terms of layout, first look for a pullback and wait for the bottoming out to end before laying out long positions.
Look for a pullback in Big Coin at 99,700-100,200, and around 98,000. For Ethereum, look for a pullback at 3,960-4,000, and around 3,830.
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