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Yesterday, the market for the pancake quickly declined in the morning, breaking the level and disrupting the small fluctuations that lasted for 10 consecutive days, ushering in a turning point. Can it continue to go down today?
After the sharp decline from early morning to afternoon yesterday, the market began to rebound in the afternoon. Today, pay attention to any short-term pullbacks during the day. If it cannot break below the 116000 level on a slight retracement, the last wave of downward movement is over, and it will rise again in a range. Of course, if it breaks below this level, there will be another short-term drop towards the 114000 area.
The ETH trend is relatively regular. After the first wave of daily line pullback that started on the 21st, a rebound occurred on the 24th. Last night, the third wave of oscillating rebound was initiated, forming a converging triangle pattern. Today, pay attention to the resistance around the 3730 range, and below, watch for a breakdown around the lower boundary of 3630. If it breaks 3630 during the daytime pullback, then the market will end the rebound of the past two days, and a daily line pullback will be completed again over the weekend to reach 3300-3400.
ETH2%
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