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1. If we stick to the assumption that 1400-4950 was the first wave of ETH’s new rally, then ETH has already pulled back to the extreme 0.9 Fibonacci retracement level (theoretically, it could retrace up to 99.9%). 2. This rebound needs to go higher in order to avoid breaking below the recent low again and to keep this bullish scenario alive. 3. But if 1400-4950 was just part of the B wave and now we’re in the C wave, well, ETH’s potential downside could really open up.

陈桂林
@Guilin_Chen_
一,小熊假设可能已经不成立: 之前的主观观点是,比特币由于参与人群,资金,基本面的改变,可能不会出现过去4年周期那样的深熊(70-80%跌幅),预计40-50%; 针对于15-126的回撤,我给的终极支撑点位是70000,这个点位: 1,15-126的斐波那契回撤0.5左右; 2,24年大横盘区间的上沿; x.com/Guilin_Chen_/s…
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