$BONK On the macro level, I still don't see anything really bullish. The main structure hasn't changed, and until it does, any movement should only be considered temporary. That said, on the lower time frames, it's clear that the price is bottoming out: selling pressure has eased, the market is absorbing, and an orderly structure is forming. This creates the right conditions for a technical rebound. So yes: it is not a change in the macro trend, but it is a bullish structure on the lower time frames that could offer a good rebound. Just don't confuse a technical rebound with a market reversal.


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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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