The big pancake rose to 95,000 in the morning again, but unfortunately the volume is still not large enough to determine whether it can stabilize. Now it has been knocked down again, so we can only patiently wait for confirmation through time and price-volume.
High-quality points in small altcoins have had a good rebound from the bottom this time, at least doubling. But don't have illusions about the scumbags who are just playing tricks, because the issue of insufficient market liquidity still hasn't been resolved. It's best to take profits when you're in the green; only after being tested by the market and time can the leading stocks that resist decline and lead the rise be held with peace of mind.
On Wednesday night, the core PCE index will be released, followed by Friday's unemployment rate and non-farm payroll data. The PCE data is currently predicted to be relatively optimistic due to falling oil prices and other commodity prices.
This week is destined for increased volatility; let's see if the market can finally find a direction. It's that time again when bulls and bears call each other fools. If the long-term can form a cup-and-handle pattern, then theoretically the big pancake should reach 117,000. 😁 Let's wait and see!
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