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Time flies, and the market is changing every day. Understanding the rhythm is key to consistently earning profits. External geopolitical developments, Federal Reserve news, and behind-the-scenes power struggles are resonating together, making overall market sentiment cautious and unfavorable for sustained bullish momentum.
The second coin's rebound has been weak throughout, without a continuous upward trend. Signs of profit-taking at high levels are obvious. Long-term indicators are beginning to turn downward, and bearish momentum is gradually releasing.
The short-term Bollinger bands are gradually narrowing, indicating the market is gathering strength and choosing a direction. Based on structural patterns, the probability of a pullback is higher. Currently, the outlook is clear: bearish on the second coin, avoiding chasing the rally and buying on dips. Resistance levels should be approached in stages, with defensive positioning and patience for a downward move.
Trading suggestion: Short near 2230-2260, targeting 2160-2130, with a break below 2100.