The current panic index across the internet is 27. The market, based on the current situation, has not reversed. Today marks the 60th day since the peak of the bull market. 😭
That's right, the market has been declining for 60 days. If you are still here, congratulations on surviving the early stage of the bear market.
🔥 Based on the current rebound strength, there have been three instances of bottom rebounds from the bull market peak, which we refer to as 'five waves up, three waves down.' On the daily chart, the Fibonacci levels have been drawn out three times, with the rebound positions all around 0.5, even not reaching 0.618.
As of today, BTC's recent rebound reached the Fibonacci 0.5 position two days ago and faced significant resistance. Today, the market is still a sea of red...
I hope the upcoming trend can break out upwards to form a rising flag pattern. In December, interest rates will continue to be cut, and there are rumors of changes in the Federal Reserve. The blonde candidate has been elected, using news to stabilize and even boost the market $BTC $ETH $SOL #比特币VS代币化黄金 #ETH走势分析 #加密市场观察
