Interpretation of market trends

Wednesday, May 15, 2024

Yesterday's big cake market jumped up and down, and the current position is fierce. The entire market is mainly affected by the news of the external market and the continued decline of Ethereum, and some sectors have plunged. At this stage, there is no need to panic too much about the trapped spot. Just wait patiently for the wind to come!

From the daily cycle K-line chart, although the big cake has fallen back to below the BOLL middle track, it remains to be tested whether it can effectively break through. During this period, it has been jumping up and down at the trend pressure level. Even if the big cake continues to fall downward, the space is very limited.

The specific operation is consistent with yesterday's views. Neither blindly confident nor overly pessimistic, keep appropriate positions in hand, so that you can attack and defend!