#我在Gate广场过新年

Today marks the 604th day I’ve been posting updates without a break. Every post is made with genuine effort, not just for the sake of it. [微笑]If you think I’m a serious person, you can follow me, and I hope my daily content can help you. The world is vast, and I am small. Click follow so you don’t miss out. [微笑][微笑]

As the bottom gradually lowers, the rebound amplitude is compressed. The one-day rebound rally seems to be coming to an end, and the entire market has also fallen below the previously mentioned consolidation zone. If it stabilizes, that could be the start of a rebound trend. Once it breaks below, it will mark the beginning of a new downtrend. Between around 65,000 and 71,000, the rebound and retest have already reached the edge of this consolidation zone. The recent days have seen more downward movement, and this trend makes it unlikely that the 65,000 support will hold. Once volume increases, it will test lower levels than the previous cycle. Breaking below 60,000 is not far from the first expected entry point.

Ethereum, between around 1850 and 2150, has also retreated after a rebound and is now below this range. The bottom is gradually lowering. Although there is a rebound trend now, when Bitcoin falls, Ethereum is just a larger-cap altcoin. Risk should still be carefully watched.