LINK may become a weather vane for mad bulls

The pancake is currently back in the previous shock range, with a top of $11,900 and a bottom of $11,500.

From the perspective of the big cycle, the current trend is not strong enough, but it is not too weak.

In the follow-up, it is very likely that this place will continue to fluctuate for a period of time before continuing to attack. Of course, many people ask if this is like a m-top.

Personally, I think this form is not of great reference value, let’s take the current situation as an example.

You say it is m top, but I still think it is w low. This kind of graphic form can often change into another one after a few changes.

Therefore, on a large scale, this form is difficult to be used as a sign to judge whether it is over.

Therefore, generally speaking, the big pie has not gone bad, but it is really hard to say what kind of bull will be behind.

As for the judgment of cattle, I think link is actually a good weather vane.

In yesterday’s Weibo, I also mentioned that Link is currently undergoing a round of major corrections, and Link is the representative mainstream of this wave of DeFi.

In addition, Link is the only project that broke into the top 5 market value as an erc20 token (usdt is not counted).

I don't need to say more about the taste of fomo and mad cow represented by the link.

Therefore, I think how to predict the future bull market in this wave depends on how the current link is going.

If it is said that after the link callback is over, then continue to rush, then there is no doubt that mad bull is more likely.

And if after the link pulls back here, it doesn't rush like before, it may mean that there may not be a mad bull, maybe it's just an ordinary bull market or worse.

Therefore, generally speaking, for the current market situation, continue to hold the spot in your hand, pay attention to the direction of the link, and leave the rest to Gouzhuang to perform.