Brother Yang, let's talk about the market for ADA on the afternoon of the 29th.

From a technical perspective, the RSI on the 30-minute chart is 39.57, which indicates that it is somewhat oversold in the short term, but the buying power has not shown much strength. The MACD has formed a bearish crossover, and the bars are continuously sliding down into negative territory, clearly showing that the strength for a short-term rise is weakening.

Looking at the situation of the day, ADA is moving sideways around $0.85, and trading volume has decreased, which leans towards a bearish outlook. The key support level is around $0.77. By the way, there was some optimistic news earlier, suggesting that ADA might increase by 100%-150%, with a target looking at $1.60-$1.75, but we need to first see if the support at $0.82 holds.

On-chain data is also interesting; large holders bought 100 million ADA within 24 hours, bringing the total holdings to 18.65 billion. It seems that large funds might be quietly positioning themselves at low levels.

However, that being said, the cryptocurrency market is highly volatile, and current analyses are based on existing information and guesses. What happens when it really moves still depends on various factors. So operationally, one must consider their own situation and not be too reckless. Brother Yang's suggestion is to consider short positions around $0.8220 to $0.8190, aiming to see if it goes down to $0.8110, and then reassess around the $0.8050 area. #ADA