Today's review summary;
Brothers, Bitcoin has rebounded a few times, peaking at 99300, but it didn't break through and returned to the 95500—96500 range. The market slightly rebounded over the past two days, and altcoins also saw a bounce, leading many to believe that spring has arrived and the bull market is back. It's really like the saying, 'the leek has healed, forgetting the pain once the scabs are gone,' just a little sunshine makes them shine.
I have been repeatedly reminding that this is just a rebound during the adjustment process, not a reversal. Whether it’s market funds or the timing, there are no reversal signals. The obvious rebound is a trap, and I estimate that in the past two days, there have been people trapped in long positions at 98000—98500.
So, Bitcoin's next move in the 95500—96500 range is just a temporary pause; it's not the bottom yet, and it hasn't reached the bottom. The rebound strength is very weak. If there is a chance for a rebound to 97300—97500, that would be the best opportunity for those in long positions to reduce their positions or stop losses, but don’t think about bottom fishing here to make a wave of rebounds; the risk-reward ratio is not worth it, and it’s unnecessary.
For those looking to buy, the 93500—91500 range is still the same; this range offers another opportunity. I believe friends who bottomed out in this range a couple of days ago made at least 3000—5000 or even 7000 points of profit. Now, short positions taken here have simply reached a peak in life.
As for Ethereum, the highest rebound capped at 3550, and it came down directly, which is also very weak. A couple of days ago, it was at 3268, where there were two big meals, with at least a space of 150—200 dollars. Now it has returned to the 3350 range; this is not suitable for bottom fishing in contracts. Those with cash positions can consider buying 1—2 layers first, while contracts can continue buying at 3268—3168. Learn to be patient like an alligator hunting; those who can catch it are the ones who eat.
Regarding SOL, it clearly indicates that the 200 integer mark is the best position for short-term profit-taking. Those who joined in at 178—180 have made at least 15—20 dollars in profit space, and now it's back to 188. You can continue to buy at 180—176—173; it’s still possible to get in.
As for other altcoins, it’s a lamenting scene. For the past two days, I have been reminding everyone to control their hands and take profits when the rebound looks good, not to chase highs. Friends who listened avoided losses and even caught a wave of rebounds, so altcoins are temporarily not recommended. We will notify everyone to get in once the market stabilizes. Friends who enjoy analysis can help by liking, commenting, and sharing.