Madman said…
The United States is still on holiday, and the risk market is currently waiting for Wednesday's vote on the passage of the debt ceiling. Whether it is U.S. stock futures or Bitcoin, there is a crazy game between long and short. If Wednesday's vote can be successfully passed, it is obvious that bulls will pursue the victory and then The next market may even start a new round of upward trend. If it fails to pass, then the U.S. debt will likely default. For the risk market, not only will this wave of gains fall back, but it will even fall even more. Therefore, the overall market is waiting for the final voting results on Wednesday. Both the Democratic and Republican parties are still full of uncertainty. Therefore, before Wednesday, the game on the U.S. debt voting will continue, probably between 27,000 and 28,000. Be mentally prepared for repeated shocks.
Although it is a holiday in the United States, the overall trading volume and on-chain transfer volume of the market are not like those on a holiday. The volume of both Bitcoin and Ethereum entering and exiting the exchange exceeds normal working days, indicating the game of funds. It is very fierce, which will cause the market to fluctuate widely after the US stock market opens in the evening. Selling high and buying low is still a better strategy.
There is not much news, just wait patiently for Wednesday. Worldcoin, which became popular some time ago, chose the Polygon network as the bottom layer of its APP, which also shows that Matic still has good value. If Worldcoin becomes more popular in the future, Matic will also be stimulated and strengthened.
The pie is still in a position where it can go up or down, because 28,000 is super strong pressure. If it can stand up, it will definitely challenge 30,000, but if it cannot go up, the rebound trend since the beginning of the year will be completely destroyed. , the market will go bearish again, which can be said to be a very critical position. It may be known with the voting and non-farm payrolls announcement this week.
Ethereum has always been in a stronger position than the pie, and this trend will continue.
There are still not many opportunities for small coins, hot spots are not obvious, and funds are waiting to see where the big pie will turn.
Panic Greed 51, Neutral.
Statement: The article only represents the author's personal views and opinions, and does not represent the objective views and positions of the blockchain. All contents and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and transactions, and the author and Blockchain Client will not be held responsible for any direct or indirect losses caused by investors' transactions.
This article [Madman Talks about Trend] It will fluctuate between 27000-28000 before Wednesday, so be mentally prepared. First appeared on Blockchain.
