Market Insights The rebound at the beginning of this week has been realized, and the subsequent plan is as follows: Looking back at our tweet from yesterday, we believe that after a slight new low, the rebound at the beginning of this week will occur in the second half of the week. Currently, the first scenario has played out: We should pay attention to the 115-116 range above, which may face resistance. For Ethereum, we are focusing on the 4400 range. Currently, the rebound is driven by Bitcoin, while Ethereum and altcoins are moving relatively slowly. If Bitcoin reaches its target early and Ethereum and altcoins do not follow, the rebound is expected to end prematurely. If Bitcoin rises and then consolidates, followed by Ethereum and altcoins rising, we expect Ethereum to rise to the 4400 range, with altcoins potentially increasing by about 10%. This could bring SOL to the 230-240 range, AVAX to the 33-35 range, and other coins will follow suit. We need to be cautious of a...
Market Outlook A direct rebound early next week or a slight dip before rising Around 4 PM today, I shared a rough outlook in the TG channel, as follows: There may be a rebound early next week or after Wednesday next week. If there is a rebound early next week, it might go directly up to around 116, 4400. If there is a rebound later in the week, there might be another low point early next week before a V-shaped recovery. Specifically, because the entire drop (117900-108500) was too rapid, with no rebounds in between, many cryptocurrencies have deviated too far from their moving averages, creating a technical demand for a rebound ("mean reversion"). The 108-110 range is also near the support of the late August low, so a rebound here is reasonable, targeting 116000, 4400 range. If a rebound starts here, it can perfectly satisfy our belief that the low of 107 will not be broken, with Bitcoin's low at 108-110 and Ethereum's low at 3850 (I tweeted about 3850, always watching it, but...
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