Interpretation of cryptocurrency market on Nov 8 2022
The day before yesterday, the market adjusted slightly and fell twice faster. The small tokens with relatively weak fundamentals fell more. But the value coins still maintain high-level oscillation. In general, the investment value of the market is highlighted. But there is a temporary shortage of funds. It is challenging to have a significant market.
The top above is near the previous high of the August rally that maybe not necessarily be refreshed. After all, the high of August is accompanied by good. You can light up your position here if there is still a short-term position.
And the bottom is just above 19,000. The probability of smashing through is not significant. If the price can return to the 19,000 to 20,000 range, the position can be appropriately increased to 60%-70%. The remaining part is to guard against small probability events. The bull market will not come so soon. We need to continue to maintain patience.
The top above is near the previous high of the August rally that maybe not necessarily be refreshed. After all, the high of August is accompanied by good. You can light up your position here if there is still a short-term position.
And the bottom is just above 19,000. The probability of smashing through is not significant. If the price can return to the 19,000 to 20,000 range, the position can be appropriately increased to 60%-70%. The remaining part is to guard against small probability events. The bull market will not come so soon. We need to continue to maintain patience.
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