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Monday Market Analysis: Navigating the Volatility

Good morning everyone! It’s a new week! What should I do on Monday if the shock is excessive?Last week, affected by Grayscale’s selling volume, the trend continued to decline.On Friday, the 40,000 mark did not break and rebounded.Market sentiment seems to be regaining confidenceThere are two big negative lines in succession at the weekly level,With the moving average turning downwardAt a large level, there are still downward signals of adjustmentAt present, it is still in the transitional period of decline.The short-term pressure test is still 42,000, with support at 40,000After the transition period is over, it should continue to move in a range direction.At present, my personal tendency is to continue to make adjustments.Therefore, in terms of operation, it is recommended to focus on reboundingGive the area from 41800 to 42000, defend 42600, and see if the 40600+ support is not broken, then we will consider more and see the rebound.The same goes for my aunt, just synchronize!That’s all, I wish you all the best! Monday Market Analysis: Navigating the Volatility

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