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The weekend rebound hit the 72k level precisely, but this rebound was a natural one, and the overall trend hasn't changed significantly... I keep feeling that this recent market crash is very similar to the market movement from September 25th, 2019… Has the bull market ended? Yes, it has… But have prices bottomed out? Will there be a strong rebound? This is where things get interesting. If the previous market sentiment was, "The bull market isn't over yet, I can keep fighting!" Then they were completely scared away by this sharp drop... The next sentiment might be, "The bear market is here, I 'short, short for the long term, for a year!" Therefore, this sentiment may actually promote another market price rhythm, namely, all rebounds will occur extremely quickly, while there will be 8 out of 10 days of gradual decline... I remember the God Candle stock that surged 40% in a single day on October 5th, followed by blatant and continuous selling. So the answer might be: The final bottom hasn't been reached yet, but the occasional violent rebounds will act like a stimulant, forcing you to stay in the market until the bottom is reached and most individuals or institutions hand over their shares…

Crypto_Painter
@CryptoPainter
02-06
最终,4h通道超卖线上还是撑住了... 暴跌没有扩大到3-12级别,目前看起来只是长期空头趋势中的一个推动浪,也就是说,接下来有反弹、震荡,但一个月后可能还是要延续趋势... 短期看72k的反弹,并逐步形成一个60k~74k的大型震荡区间。 x.com/CryptoPainter/…
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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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