🔥Great Sage's Market View: The signal for a market rebound is becoming increasingly clear!
I am currently using altcoin trends to judge whether the market will rebound.
Many altcoins that have been adjusting for a long time on the weekly chart are slowly starting to show movement recently, which is a very obvious leading signal.
Looking at Bitcoin, it has been adjusting up and down around the EMA 30-day line, which we often refer to as the lifeline, and it has already fluctuated three times. It has been oscillating back and forth at the bottom, going up and crashing down, then going up again and crashing again. Moreover, this wave of Bitcoin has not yet seen a significant rebound; there is still room for it.
Looking at the external market: A-shares, U.S. stocks, and gold are all falling, many of them have just started to decline;
In contrast, Bitcoin is relatively resistant to falling because it has been adjusting for a long time, and the risks have been released quite fully.
With the current geopolitical situation being tense, global funds are seeking a place to go, and traditional markets are unstable, funds are likely to flow into Bitcoin, which has already dropped significantly and is relatively strong.
In summary, I judge that:
The probability of the market rebounding upwards after some oscillation is very high.
Specifically, how high it can rebound will be seen later; there's no need to guess now.
In terms of strategy, I tend to buy low and hold steady while waiting for the rebound.
This is my personal opinion for reference only and does not constitute investment advice.