GM2025226【米哥中文社区】Market Trend Analysis
The market is truly astonishing; the big cake dropped significantly yesterday, plummeting from 96,000 points to 86,000 points, a full 10,000-point decline, which is quite alarming. The market's fluctuations are so intense that it's no wonder countless people have suffered heavy losses during this adjustment phase. Just as we predicted, the peak at 99,288! The current market trend has already shown a clear downward trajectory, and after the correction, it will still face new downward pressure. The cryptocurrency market is like this; while it tortures people, it can also bring opportunities, but the key is to accurately grasp the trend.
From an overall technical perspective, the price trend resembles an uncontrollable waterfall, almost cascading down closely along the lower Bollinger Band, showing no signs of bottoming out or stopping. The opening range of the Bollinger Band has reached its limit, and there are no signs of contraction, which undoubtedly signals a strong bearish trend; the market is likely to continue adjusting downward. The current market rhythm is distinct; each rebound seems hopeful but is actually just accumulating momentum for the next larger correction. Therefore, continue to maintain a bearish outlook, and expect a downward trend in the short term.
