2024.6.19
How will the price of AICoin and AICoin2 move after the retracement and rebound?
The first target of 65,000 was successfully reached, and the previously mentioned second target was around 63,000. In the early morning, it retraced to around 64,000 and then broke through the 65,000 mark and maintained the adjustment above it. However, the bearish outlook for the future remains unchanged!
What is the relationship between AICoin and AICoin2 in terms of price movements?
They complement each other and boost each other. Today's surge was completely caused by the news of AICoin2, which continued to speculate on the spot Ethereum ETF. This is also reasonable, after all, the biggest positive news at the moment is this news. Whether this news can be fully implemented will depend on the end of June or early July, which is the final deadline. The speculation on AICoin2 is fierce, and the surge is as high as the speculation. Just like the surge at the end of May, it directly brought Ethereum to around 3980. However, from the current trend, it seems difficult for Ethereum to take off again, unless all the positive news is fully implemented. The current positive news can only create small waves and cannot create big waves, after all, the negative factors are still suppressing it!
Negative factors: The non-farm data performed well, the FOMC interest rate decision remained unchanged, inflation cooled down, and the main force continued to sell, and the sentiment is heating up…
What's next?
The focus of AICoin today is the 66,000 contention point. If it breaks through and effectively stabilizes, the downward trend this week will be temporarily suspended, and it is estimated that it will maintain a broad adjustment range (64,000-68,000 area). Currently, from a technical perspective, this range will narrow, after all, the space for a four-hour adjustment is only so large (64,500-67,000 area), and the pressure level for the four hours is just around 66,000, which is also the BOLL midline. At this time, we can go short, but we should not blindly chase.
Ethereum was directly pulled from the 3346 level to the 3585 level by the impact of the news, and its momentum is stronger than AICoin. The short-term technical aspect is inclined to reverse, but the daily chart is still under the pressure of the moving average, and the short-term can still maintain a short position. A reminder, due to the impact of the news, the rise and fall are fast, so do not chase the rise or kill the fall excessively, because this situation occurs frequently, and each time it is tried, it is very enjoyable.
The short position in the 65,600-66,000 area of AICoin continues to be held, with a target of 64,500-64,800 area, synchronized with Ethereum!
Choose greater than effort, the legend of the 10u war god, the hundred u station god's counterattack, as long as you dare to think, everything is possible, once you turn over, once you get ashore, the opportunity is at hand. If you are uncertain about the technical market and news interpretation or hold a trapped position, you can discuss with the author.
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