Yesterday's review: From the sharp drop on Thursday to today, both Bitcoin and Ethereum have experienced a cliff-like decline. Yesterday's operation also continued the idea of ​​short selling. Friends in the community who strictly implemented it in the past two days have also made a profit of more than 80%, which is a very good harvest.

Technical analysis of ETH contract: From the weekly chart, the price of the K-line pattern is running below the moving average, the attached indicator crosses downward, and the price breaks through the previous low point; the decline in the general trend is still very obvious, but there are still two aspects to note: First: the price continues to fall and breaks the low, but the probability is very small on weekends; second: the price corrects and returns to the moving average. Note that the correction and return to the moving average is not necessarily a rebound. There is also a trend of time for space, so this must be understood; many friends say that the correction is going to rebound after seeing a big drop. There are many kinds of correction trends, and they cannot be referenced unilaterally. There is nothing much to say about trading. The sideways market will not fluctuate too much. Take a break and prepare for a new week! I wish all friends who read the post can be free from wealth in the new cycle 🀄️!

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