Preface
Attitude determines joy and sorrow, and concept determines success and failure. The simpler one is, the more peaceful the transactions will be. Many times, people would rather perish against the trend than reflect on themselves. A drop of ink can taint a cup of water, but it's difficult to muddy a river, because a large heart can accommodate. A single sentence can ruin a moment's mood, but it's hard to determine a person's entire life, because fate is in one's own hands. Absorb the good from every trade, discard the bad habits, constantly improve one's trading skills, hone one's mindset, achieve a state of being unperturbed by honor or disgrace. Only then can one avoid being influenced by the previous trade's mistakes and become a truly mature and rational trader.
Market News
- The first Internet 3.0 industrial park in Beijing officially unveiled
- EU Commissioner for Financial Services: Draft digital euro legislation needs thorough review
- US CFTC Commissioner: Will release digital asset regulatory standards proposal next month
- An address withdrew 1.7 million SNX from Binance after a 9-hour increase in SNX price on SNX
- An address suffered a phishing attack, losing $24.23 million worth of stETH and rETH
- Polygon Foundation address transferred 6 million MATIC to Binance in the past two days
- Crypto lending company Trident Digital Group completes $8 million seed round financing; the address selling MATIC is not from the Polygon Labs CEO
- Polygon Labs CEO: From the Polygon Foundation
- Connext: Over 23,000 wallet addresses have claimed 28.88 million NEXT tokens after the resumption of airdrop claims
Market Analysis
As seen in the four-hour chart, yesterday once again tested near 25,300 and was supported, while showing a certain rebound. There are two reasons for this: first, the 25,300 support is already very strong, and second, there is news of an institution applying for an ETF, which is a semi-positive news. As long as it is not approved, any rise triggered by ETF news is a bull trap. From the market perspective, the market is still in a four-hour triangle oscillation, and both upward and downward breakthroughs are presented in a needle-like form, which is not enough to change the pattern.
In the short term, the price circled in the chart is near a small resistance, and one can go short directly, with a stop loss at 26,200. Once 26,200 is decisively broken, one can reverse the position, and the downside target is 25,600-25,300. The 25,300 area has been supported three times in a row. Once it is effectively broken, the visible targets are 24,444/23,800/22,222.
Subsequent arrangements will be based on real-time market conditions.
Technology is the method, and trend is the king. The cryptocurrency market leader takes you to soar in the sea of coins.
Caution is needed when entering the market, as trading carries risks.
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