The market may be poised for a rebound!
After a prolonged period of consecutive declines, much of the selling pressure has been absorbed, and prices of some assets have returned to relatively reasonable levels.
At the moment, I’m more inclined to think there’s a chance of an oversold rebound in the short term. This is especially true for altcoins that have fallen sharply in recent months—their rebounds could be more pronounced once Bitcoin stabilizes.
However, a rebound doesn’t mean the trend has reversed. At this stage, I’d choose to build my positions gradually
$BTC $ETH $SOL
After a prolonged period of consecutive declines, much of the selling pressure has been absorbed, and prices of some assets have returned to relatively reasonable levels.
At the moment, I’m more inclined to think there’s a chance of an oversold rebound in the short term. This is especially true for altcoins that have fallen sharply in recent months—their rebounds could be more pronounced once Bitcoin stabilizes.
However, a rebound doesn’t mean the trend has reversed. At this stage, I’d choose to build my positions gradually
$BTC $ETH $SOL