10.8 Market analysis
The market fluctuations during the weekend will not be too large. The white market is still mainly about banner shock repair, and the fluctuations in the late market will be larger than the white market. The weekend market once again entered the long-term sideways trend we are familiar with. The bulls rebounded slightly to above the 28,000 mark yesterday morning, but it did not stabilize but quickly fell back to around 27,900. Running at a fast pace, Ethereum continued to decline after being suppressed at 1660 in the evening. The current price is fluctuating near the 1630 line. Overall, we should maintain a turbulent approach.
Looking at the four-hour line, the currency price has contracted and consolidated sideways near the middle and upper rails, and is in the midst of a correction. Although it has broken through before, it has not stabilized. It is currently stalled below the 28,000 mark, and stagnation has occurred. The rising pattern, rebounding space and form are not enough to complete the upward recovery and recovery. The current currency price is also running at a high level, so our idea is to maintain a high-altitude layout.
Looking from the hourly line, the currency price has changed from a slightly strong rise to a volatile rhythm. Although the rhythm is relatively slow, it is obvious that the momentum of the bulls has been insufficient, and the pressure from above is still relatively effective. The current KDJ indicator on the hourly line is three lines There is a downward trend in all cases, and the red energy column of the bulls has also shrunk.
Big pie idea suggestion: short around 28100-28200, target: 27400.
Ether ideas suggest:: empty near 1645-1650, target: 1610.
The market fluctuations during the weekend will not be too large. The white market is still mainly about banner shock repair, and the fluctuations in the late market will be larger than the white market. The weekend market once again entered the long-term sideways trend we are familiar with. The bulls rebounded slightly to above the 28,000 mark yesterday morning, but it did not stabilize but quickly fell back to around 27,900. Running at a fast pace, Ethereum continued to decline after being suppressed at 1660 in the evening. The current price is fluctuating near the 1630 line. Overall, we should maintain a turbulent approach.
Looking at the four-hour line, the currency price has contracted and consolidated sideways near the middle and upper rails, and is in the midst of a correction. Although it has broken through before, it has not stabilized. It is currently stalled below the 28,000 mark, and stagnation has occurred. The rising pattern, rebounding space and form are not enough to complete the upward recovery and recovery. The current currency price is also running at a high level, so our idea is to maintain a high-altitude layout.
Looking from the hourly line, the currency price has changed from a slightly strong rise to a volatile rhythm. Although the rhythm is relatively slow, it is obvious that the momentum of the bulls has been insufficient, and the pressure from above is still relatively effective. The current KDJ indicator on the hourly line is three lines There is a downward trend in all cases, and the red energy column of the bulls has also shrunk.
Big pie idea suggestion: short around 28100-28200, target: 27400.
Ether ideas suggest:: empty near 1645-1650, target: 1610.