8.11 Evening Thoughts
Currently, the market is in a stage of oscillation and consolidation, with short-term moving averages flattening out, and prices fluctuating within a range, showing no clear upward or downward direction for the time being.
The MACD indicator is fluctuating slightly near the zero axis, and the momentum bars are also narrowing, indicating that both bulls and bears are relatively cautious, and the contest has not yet shown a clear winner.
The key points to watch next are two levels: if it can hold above 122000, the rebound momentum may continue; if it breaks below the support of 120000, then it may need to test whether the previous support levels below can hold.
It's better to enjoy together than to enjoy alone; if you reach out, I can pull you ashore!!
SUI TURMP BONK PEPE OM SOL PNUT
