After experiencing two consecutive days of retracement, the market ushered in a strong rebound yesterday. Does this mean that this retracement is over?

First of all, from a time point of view, direct rebound is not currently supported. A normal callback takes 5 to 8 days. Calculation based on the shortest 5 days will also lead to the 7th, so the best rebound time should be between the 7th and the 8th. about.

Judging from the position, it seems that the market has not yet adjusted in place. Prince is the first to rise in rotation, reaching the lowest position of 223 yesterday. It has also retraced 61.8% of the previous round of increase. Ether is the weakest, retracing the previous one. The market rose by 76.4% in the first round, while the market only fell back by just over 50% during the same period, so from this perspective there is still the possibility of adjustment.

However, there is no need to worry too much, because the previous decline was too large. Even if there is a correction later, the depth should not be too large, especially for Ethereum and Prince. The probability of creating a new low yesterday morning is low. The focus is to prevent the big cake from stepping back and be alert to the short-selling counterattack.

Before the 8th, the market was mainly shaken and washed out, using time to exchange for space. It was not that there was no increase, but that the time had not come. This is the role of the cycle.

Message: Look for opportunities that you can see and don’t make transactions that you don’t understand.