The current price of the large pancake is 115,500. The market has been languishing over the weekend, with not much movement. The points given in yesterday's post are basically the lowest points of these two waves, which are very good entry positions.
However, from a technical perspective, whether it’s the potential head and shoulders pattern on the daily chart of BTC or the XABCD reversal harmonic pattern on the daily chart of ETH, neither signals are particularly good. It's just that the market has dropped too harshly these past two days, and the interest rate cut has given the market a shot of excitement, allowing for some improvement in the chart. Now, we consider a short-term strategy focused on buying low. If it continues to move as shown in the above chart, the interest rate cut won't matter; after the rate cut, it could just be a downward trend. The next wave might be the last frenzy for the bulls, so we should focus on short-term trades as much as possible. #BTC走势分析
However, from a technical perspective, whether it’s the potential head and shoulders pattern on the daily chart of BTC or the XABCD reversal harmonic pattern on the daily chart of ETH, neither signals are particularly good. It's just that the market has dropped too harshly these past two days, and the interest rate cut has given the market a shot of excitement, allowing for some improvement in the chart. Now, we consider a short-term strategy focused on buying low. If it continues to move as shown in the above chart, the interest rate cut won't matter; after the rate cut, it could just be a downward trend. The next wave might be the last frenzy for the bulls, so we should focus on short-term trades as much as possible. #BTC走势分析
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BTC
112,817.37
+1.40%
ETH
4,565.08
-0.70%