On the evening of August 31st, review of the first day ( at 12:40 )
Recently, NMR, BIO, CRO, and PYTH surged due to positive news but have since pulled back. It's unlikely there will be a second wave. I personally believe that finding a position for shorting is cost-effective, and we should be cautious of a strong rebound.
Today, this coin started to drop after two days of rising. Do not go long, wait for a rebound to short, or open a grid to short.
Today, the ones with higher popularity and price increase are ip, lrc, dolo, wlfi, and hemi.
The overall market trend is slightly volatile, with ETH and SOL showing slight strength. The specific direction of the big market trend remains unclear, and we need to wait patiently for news and market developments.
Altcoins currently tend to rally for a while before crashing, showing poor sustainability. Generally, they rally on some favorable news and new coins, and it's more cost-effective to short coins that have surged when they experience a pullback. Pay attention to the overall market trend; if the market becomes strong overall, avoid shorting.
Analysis is for reference only, personal real-time insights, don't spray if you don't like.