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Crypto Fish Right Right
Crypto Newbie
01-26 17:38
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Today, the spot premium started to rebound, and the price action didn't continue the downward trend with volume. Instead, the subsequent rebound was accompanied by volume. Although the current downtrend structure continues, I don't feel that a "major drop" is likely to occur here. My next thoughts: 1. If the weekly chart shows a continuation of the downtrend, then it will likely maintain a downward, gradual decline, approaching the previous low before a true breakout. 2. However, if the price rebounds back to near the middle band this week, then it will still be a large-range consolidation structure. This means that the previously anticipated rebound above 100,000 is still possible... Frankly, I'm still quite bearish from a long-term perspective, but I'm reluctant to give up because there hasn't been a strong rebound that "regains hope," similar to the structural trap of March 27, 2022...
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