$PI The overall market is still in the correction phase of a downtrend. From the hourly to the daily chart, it remains in a downward trend. Stay patient and observe. One thing that can be certain is that there won't be a significant rise because the trading volume is insufficient. Volume creates value.

$PI Yesterday I mentioned that a bullish candle with at least a 0.5% increase must appear online during the breakout to change the super-short-term trend. This morning around 6 o'clock, a bullish candle with a 0.5% increase appeared, followed by another bullish candle. This is what I have been emphasizing about the volume-price relationship.

$PI This is just a small rebound now; the market still tends to decline. Let's wait until it stabilizes above the 5-day moving average.

$PI This small bullish candlestick is useless; it's about to crash down.

$PI was guessed again. After a 0.5% surge candlestick appeared on the Bitcoin Cash intraday chart, it indeed continued to rise.

There needs to be a strong bullish candlestick with at least a 0.5% increase on the $PI intraday chart for the trend to change.

$PI Remember, it's the bottom and it won't rebound.

$PI Others are moving up, while π is looking for support on the way down. This is the difference between strength and weakness. Bitcoin Cash—π

$PI Based on my prediction, the daily chart will form a W bottom, dropping from $0.22 to $0.24, then falling back to $0.23 before breaking through $0.24 to reach $0.3.

Yesterday I mentioned that from a macro perspective, Bitcoin Cash will perform very well, and I’ve talked about this viewpoint a few months ago. Why will it perform well? You need to analyze it from multiple angles, especially considering that continuous capital inflow is the most important factor. I’ve always said that price is built up by money. The relationship between volume and price is that volume comes first, then price follows.

$PI still has some support at the $0.22 level. On the 4-hour chart, there have recently been 2 lower wicks, one at 00:00 on December 6 and another at 20:00 on December 7, both closing above $0.22. If the time frame is too short, it's difficult to make a judgment.

I originally planned to buy in at $0.22, but ended up adding a bit more at $0.222. Every time the price drops a bit, I add to my position. I'm used to averaging down to lower my cost.

$PI needs to hold above $0.23 for 3 days for the market to have a chance to move upwards, because right now the 5-day moving average on the daily chart is exactly at $0.23. The 5-day moving average is the main line that drives other daily moving averages upward. At the same time, $0.23 was also a previous consolidation platform. If $0.23 is not broken, it acts as resistance; once $0.23 is broken, it becomes support. Therefore, holding above $0.23 for 3 days is necessary to confirm it as support, because sometimes there are false breakouts that lure buyers in, so requiring 3 days of stability

This kind of small bullish rise like $PI is useless, it's about to go down soon.

There is no need to panic as long as there is no large bearish candle on the daily chart. If the daily chart continuously shows small bearish and bullish candles or consecutive doji stars, then a trend reversal is likely to occur. The reversal could be either downward or upward.

$PI The market has shifted from weak to strong, so it won't reach $0.231. With a bullish candlestick appearing and additional funds buying in, the market will change.

$PI Today's goal is to reach $0.236 and fix the 4-hour chart. The 4-hour trendline has already been fixed. The daily indicator has bottomed out, but it will need some time.

$PI lacks upward momentum, just slowly crawling up like this until eventually a big bearish candle sends it straight down.