Hello everyone! I am Aman, bringing you today's market trend and analysis.
My personal opinion is "not optimistic". The daily line of the big cake has already formed a double top structure, and with the non-agricultural data last week falling short of expectations, it directly broke the support of 66700 and dived to around 6w6. The daily line closed within the central structure again. The CPI data was positive in the evening, and it once again hit the front four-hour pressure of around 7w, and then fell again with the news. Now the daily line of the big cake has a double top, plus the double top structure of the 4 hours last night. I don't know if the support area of 66000 below can hold up. If it can't hold up, the support below is at 6W4.
From the weekly level, whether 7W2 is a double top structure of the weekly line depends on whether the position near 5W6 below is broken. If the weekly low point below is broken, it will really be a deep squat of the big cake, and the adjustment period will be relatively long. But don't be too scared. Every wave of highs needs hype. From Bitcoin ETF to interest rate cuts to Ethereum ETFs, there is a high probability that the hype of Ethereum spot ETFs will remain. It depends on when capital starts to hype ETFs. When the hype starts, the copycats will take off!
From a technical point of view, this wave of major adjustments needs to end and stabilize around 71,000
