$ASTER
The current market overall shows a continuous downward trend, belonging to a bearish pattern. From a technical perspective, the price is currently operating within a triangular consolidation pattern. Although CZ previously expressed strong confidence in this cryptocurrency and made significant purchases, overall market liquidity remains insufficient, and the price often quickly falls back after a brief rebound.
At this stage, there are no clear signals indicating a stop to the decline; the market is likely to continue its oscillating bearish rhythm. In the current environment, it is not advisable to rush into buying at the bottom; one should patiently wait for clear signals of stabilization at the bottom before considering positioning. It is also necessary to pay attention to the overall market environment, as the major indices are similarly in a downward trend, making a wait-and-see approach a more prudent choice.
Follow Niu Ge to view the cryptocurrency market rationally, avoid pitfalls, refrain from chasing highs, and steadily make profits!