How should we respond to the rebound market?
1⃣ Observe the rebound strength of Bitcoin itself, 8️⃣5️⃣0️⃣0️⃣ is the first hurdle, which has been passed with some difficulty; now we need to observe the second hurdle at 9️⃣0️⃣0️⃣0️⃣, and how the 85-90 range performs, whether it is strong, etc.;
2⃣ Observe the performance of the U.S. stock market, as it is almost in sync with the Bitcoin market; the U.S. stock market often lags behind the crypto market;
3⃣ Observe the performance of altcoin markets, remember that this wave of Bitcoin peaked in mid-December, while altcoins started to retreat in mid-November; the altcoin market often leads Bitcoin;
4⃣ See if this round of rebound will bring about small hotspots within the circle, as these hotspots will determine the strength and sustainability of the rebound;
5⃣ The good thing is that at least opportunities for long positions and vacant positions have arrived, as they will provide some gaps.
1⃣ Observe the rebound strength of Bitcoin itself, 8️⃣5️⃣0️⃣0️⃣ is the first hurdle, which has been passed with some difficulty; now we need to observe the second hurdle at 9️⃣0️⃣0️⃣0️⃣, and how the 85-90 range performs, whether it is strong, etc.;
2⃣ Observe the performance of the U.S. stock market, as it is almost in sync with the Bitcoin market; the U.S. stock market often lags behind the crypto market;
3⃣ Observe the performance of altcoin markets, remember that this wave of Bitcoin peaked in mid-December, while altcoins started to retreat in mid-November; the altcoin market often leads Bitcoin;
4⃣ See if this round of rebound will bring about small hotspots within the circle, as these hotspots will determine the strength and sustainability of the rebound;
5⃣ The good thing is that at least opportunities for long positions and vacant positions have arrived, as they will provide some gaps.