At present, the long and short forces are relatively balanced, and there is a high probability that they will continue to fluctuate in the future. However, it is still a bull market. The callbacks and shocks are actually accumulating strength for a better rise. If we can judge this through effective analysis of the market trend, , then we will not be anxious about the short-term rise and fall of the market. The market as a whole is in a oscillating and sucking trend, and projects such as Sui and Aptos in the public chain sector, as well as Wif and Slerf in the Meme sector, have seen rising prices. At present, the market has passed the early incubation period and detection period and has entered the following period. At this stage, more and more investors begin to enter the market, and funds begin to pour in but the final frenzy has not yet been reached. Usually during the mania period, the pie will rise rapidly, and the market's FOMO sentiment will reach its peak. But at present, the market is obviously not at this stage yet, and many people have not yet jumped on board this bull market. What we need to do now is to find ways to hoard more spot goods, and don’t get off the bus easily, so that we can reap the dividends of this round of industry growth!
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Ethereum's selling pressure intensified near the US pin 71850 yesterday, and the lowest dropped to 68400. It rebounded to the highest of 70080 in the morning. The overall volatility space intensified, and some locked-in plates and profit-taking plates below began to close. As long as there is no large-scale decline, a small pullback is acceptable, and the overall rebound structure has not been destroyed. At present, the impact of Grayscale selling pressure is gradually decreasing, and the spot ETF has turned from outflow to inflow. As long as there is no large-volume draw, it effectively falls below 68600. We still maintain a bullish attitude and operate around the key resistance and support point of 68600 below. Pay attention to the momentum of the rise in the future. If it is strong enough, the target is still above the new high. From the graph, the 4-hour level is still relatively strong. It is currently a pullback after a high. The current correction must first pay attention to whether it can effectively break through the previous low of 69300 in the morning, and further support attention is 66700. If it effectively breaks below, it will weaken in the short term and return to a wide range of fluctuations from the upward trend.
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Ethereum's selling pressure intensified near the US market yesterday, 3670, such a strong Lafa 3700 failed to pierce, and lost again at midnight below 3500 and fell to 3460. The overall space narrowed again, and it can be seen that the upper chip area is selling heavily. From the current hourly chart, the BOLL channel began to open downward after the continuous Yin, but yesterday's Yin stop point and the stop point Tiandizhen conversion were basically the same. In the short term, the coin price returned to 3500 and moved in a box, and the attached figure has been repaired. There is a certain upward resistance above 3555 in the short-term four-hour chart. The current price belongs to the Bollinger shock market. If the subsequent price can stand above 3550, then the intraday price will definitely test the suppression of 3620. In the one-hour Ethereum, it is generally weak, with support below at 3422, and 3450 has formed a one-hour top and bottom conversion support line, so on the whole, Ethereum is recommended to sell high and buy low during the day.
