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Currently, almost all stocks, including major coins such as Bitcoin and Ethereum, are falling across the board. Recently, the stock market has been shaken by reports of US President Trump's tariff plans, which may have contributed to the decline in the value of virtual currencies, but the daily and weekly charts for the end of February, which were posted a few days ago, showed long lower shadows and showed signs of an upturn. From there, it rose significantly until the day before yesterday. Up until this point, it had been going well. However, it fell sharply again from yesterday, erasing the previous gains!
☆Another reason why technical analysis is difficult is the presence of a long upper shadow on the monthly chart. In other words, it shows strong selling pressure, and although there is likely to be a small rebound in the short term, the downward trend is likely to continue for a while.
*I think some people have suffered losses due to the violent movements of the past few days. In such a turbulent market, I think it is important to remain silent and not get involved. I would like to continue to watch the market trends.