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The analysis from yesterday mentioned—this wave is a rebound, not a reversal.
Today’s market indeed retraced, hope you didn’t rush into long positions.
Many people are asking: What is the actual impact of the Federal Reserve’s rate cut on the crypto market? How will it move in the next month?
My personal judgment is that a sharp drop is unlikely, but the probability of a second bottom in the short term is quite high. No need to panic; Bitcoin is unlikely to crash directly to 70,000—bearish positions have basically been exhausted, and the bulls just need some time to gather strength.
Looking ahead to the next month, once the bulls regain momentum, there’s a high chance of a strong rebound, and at that time, the bears are likely to be overwhelmed.
Let's wait and see if 7K can hold, otherwise this rebound will be too虚.
It should have been heeded yesterday; chasing the high now is just giving 💰 to the bears.
Bullish momentum? I think it's more like a prelude to chopping up the leeks, don't be too optimistic.
A rebound in a month? Let's see if we can get through this week first, nobody can predict events that are too远的事儿.
That's what they say, but I still secretly bought the dip at the bottom, grit my teeth and keep waiting.
The phrase 'bears get smashed' I just take as a joke; with the market so unpredictable, no one should be too confident.
You're right, 70,000 can't guarantee the bottom, let's wait a bit longer
I already bottomed out during the second dip, just waiting for the bears to go bankrupt