Today, there is a possibility of a V​ shape. This sentence has two meanings:

1: In the first half, the bears are likely to continue to explore the market today, testing the support on March 20th to the limit, and the daily line will complete the second bottoming out.

2: Bulls begin to try to counterattack, approaching the first support of the monthly line, and are expected to stop the decline.

Two consecutive days of correction have made the already fragile market look very tired. The fundamental reason for the pullback is related to expectations of a rate cut by the Federal Reserve. The trend of Ethereum has also broken the past morphological structure. Looking at the daily line, it is now showing signs of approaching the low of March 20. Where is the bottom? Will there be a turning point today?

Judging from the daily time, the current adjustment of the market lasted for 7 days, and the ether lasted for 8 days. There is a need for market changes here.

Judging from the K-line position, Bitcoin and Ethereum will fall first today. Bitcoin should fall below the low point of March 22 during the session. Ethereum has already fallen below this position. When Bitcoin falls below this point, it may be the time to bottom out.

Judging from the monthly analysis of AI, the first support of the pie monthly line is at 62356, which is basically consistent with the low of 62294 on March 22. Ether's first support is at 3103.

Of course, the analysis logic here is based on the second bottoming out of the daily line. If it falls below the low point of March 20 during the trading session, it will have to be redefined. Operations must be cautious and positions must be allocated reasonably.

Message: All the amazing things you see have been tempered by mediocrity.