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I forgot to update yesterday, continuing to maintain a four-hour downward trend, it seems there is no sign of it ending. This kind of movement has always been a loss for those trying to catch the bottom.
Everything contains uncertainty; we are seeking opportunities that we believe are certain within uncertainty, so every trade must be taken seriously.
The price has already moved away from the 2157-2076 range, and today’s situation is not so optimistic.
Currently, 2014 is the key breakout point that determines whether today’s volatility will be just a shakeout or if the volatility can be buffered.
Before a new low is formed, I believe 2017-2033 is the minimum level of stabilization, with a possibility of forming a five-minute central zone upgrade to 2065-2014.
I am contemplating a question: if a bearish pattern forms in a trend but then a secondary bearish pattern forms within it, what should be done?
This is the fifteen-minute trend from yesterday; if the same pattern appears today on the five-minute trend, then we might be able to clearly see the trend logic. (As shown in the picture)
If today’s forecast is incorrect and breaks below 2014, then the only thing to watch is whether 1933 is a short-term buffer zone. $ETH