This month's seven-wave bullish line, last week's weekly line was a hammer candlestick guiding the way! Combining this with the monthly bullish line, the effective period of suppression is one month. Today is the 8th, and there are only 30 days this month, so 30 - 8 = 22 days left.
This month, the effective period of the bullish line suppression is one month, hence it can be concluded: including the bullish line of this week, there are still two more bullish lines and one Teletubby to come! It can also be concluded that next week, the weekly line will have a small downward adjustment with a weak downward pull, because we are entering the most prosperous tail wave of bullish energy. The stubborn bears will be wiped out, and the bulls will pave the way for the Hero Conference, which will include participants from this Hero Conference:
BTC's market value will reach about 14 trillion RMB, and the price will come to 115932.32.
The market value of SOL is 1 trillion RMB, with a price around 275 to 295 USD.
ETH's market value is around 4 trillion RMB. 3980 divided by 0.73 equals 5452 USD, which is in the range for ETH's rebound this round, with 3816 USD around the 7-level drop and 3271 USD around the 6-level drop, meaning the rebound price for ETH is 3271 to 3816 USD.
Here I want to emphasize that ETH will rebound to the range of 3816 to 3271 and will enter a consolidation phase. At this time, the price of Bitcoin is hovering around 120,000 USD, oscillating to form a top. Dividing 3200 by 125000 gives an exchange rate of 0.026. As long as the market casually shows a signal, the ETH/BTC exchange rate will equal 0.016. At 0.016, the exchange rate touches the bottom, and those trading the exchange rate will use BTC as the base currency, selling BTC and going long on ETH.
On the surface, it seems that the U-based speculation of ETH will rebound to the range of 3271 to 3816, and you might think ETH has peaked; but don't forget about those trading based on coin value, they will arbitrage when the ETH/BTC exchange rate hits the bottom. They will use BTC to go long on ETH, where the exchange rate has three times the space: 3271 X 3 = 9813 USD. After the U-based speculation, one ETH will also be arbitraged by those trading based on coin value, pushing the price up to 9813 USD per ETH, with a market value of about 12 trillion RMB.
The market is in a state of oscillation and decline, and ETH will take on the honor of the Doomsday War Chariot; in fact, this is just a rise caused by arbitrage based on coin value.
I almost forgot about the little brother Dogecoin; how could the Hero Conference be without the world's richest person? It's definitely the king of traffic...
DOGE, the small coin of the world's richest person Karl Marx, is estimated to have a market value of 1 trillion RMB, with a price around 0.7 to 1 USD.
The above four heroes have provided the seven-wave peak price. The price of the Teletubby is 2 to 3 times the peak price; the Teletubby is a false bullish line that usually lasts only three seconds. Therefore, I did not use the Teletubby price to calculate the maximum market value estimation of the bullish market!
