madman says…
The weekend effect has appeared once more, and the endless sideways trading has begun. Since it fell below 22,000 in the past two days, the trend has also fluctuated and declined. started. At the same time, there is no intervention of bottom-hunting funds on the capital level, and the interest rate of the loan market has also come down, indicating that there is no obvious desire for bottom-hunting funds in this position. Then the market is likely to continue to prove its support following next week. Madman predicts The effective support level is around 20,800-21,000. At the same time, the Fed’s hawkish speeches continue, and the funding environment is not particularly ideal, so it is even more difficult to independently go higher.
The whole weekend is dominated by shocks. There is not much to say. The current trend is not very good. Beware of the risk of continued downward trend in the market outlook. The best place to pick up the knife with bare hands is still around 21,000. The bottom of the (monetary) policy As the slowdown of interest rate hikes in 2023 has taken shape, the bottom of the market has come out, and the next thing to do is to increase positions on dips and hold coins patiently. I wish you a nice weekend!
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