7.26 Jack 4-hour market analysis, Big Plate

In the early stage, the market surged to the 1958.75 peak, then continued to face selling pressure and moved downward. The moving averages turned down in unison. Price kept ranging and weakening all the way, with the low falling to 1846.17 before the downtrend finally stopped. After the bottoming, the market gradually recovered, rising slowly by leaning on the moving averages, and formed a round of range-bound rebound. Currently, the price is trading around 1878, in a rebound and consolidation phase. #币圈##区块链#

From the pullback from the high, to a deep dip, and then gradually turning warmer, I previously laid out the key support and resistance ranges in advance. The market’s likely direction afterwards and my expectations basically match.

Many friends who just started trading are prone to getting trapped: refusing to exit at the high while allowing losses to expand, then not daring to position at the bottom. By the time the market turns warm and rebounds, they rush in at the last minute, repeatedly missing opportunities. Only by understanding the moving-average trend switch, the changes in turning points of highs and lows, and distinguishing support and resistance across different ranges, can you restrain impulsive actions and steadily keep up with the swing market. #二饼 #以太 #带单 $ETH