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Rebound is just a rebound
Before the US market opens, a waterfall washout; in the early session, a small-scale rebound transition allows the bulls to see hope. A rally does not mean a real rise; it's a false appearance of chasing gains!
The large-scale bearish trend remains unchanged. Once again, the market returns to the starting point, exactly as expected. The long-term cycle is weak, with wide-range oscillations and accumulation. The same old advice: be cautious with rebounds. Without clear bullish signals, expect long-term decline and short-term gains!
Today, the short positions have already reached the second target support level at 3600 points for Bitcoin. Ethereum is slightly weaker, dropping to the third target at 150 points. Next, we wait for a small-scale rebound and correction in the US stocks.
If BTC cannot break above and stabilize at 8780, the market will continue to pull back. Watch the support levels at 8660-8440.
ETH cannot break above and stabilize at 2960 during the rebound, indicating the rebound lacks strength and may test lower again. Continue to watch for a pullback to 2887-2772.
Trading requires patience, remaining calm like a maiden, moving swiftly like a rabbit. Be precise, patient, hold on, and follow the trend—that's the right way!$BTC #加密行情预测