In the middle of the night I wanted to write a short article, sort out my thoughts, and test my own lamp power. 💡💡After the launch of #Btc #etf , Grayscale triggered market panic by selling its Bitcoin holdings. The decline of Bitcoin has made the already weak altcoins even worse. However, I think this adjustment will not be too deep. It is even possible to absorb the selling pressure through sideways consolidation. After consolidation, it will directly enter the bull market and the main rise. I will talk about it. Why? -----Let’s talk about the market trend first. A few months ago, I estimated that the bottom of this bull market had already appeared, and the trend would be similar to the cycle in 2015. Bitcoin did not bottom out again, but continued to rise, reaching key resistance. A slight pullback, very similar to what is happening now. 🚨👇👇The second dip in 2020 is due to the black swan event of the epidemic. From the perspective of the general cycle trend, since there was no second bottom in the seven months before the halving, this shows that we are in the early stages of a bull market, and the next trend will rise layer by layer. 💹💹Based on past trends, the callback in the early stages of the bull market will not fall below the key support level, which is the best time to enter the market. Roughly speaking, Bitcoin will rebound after a pullback to the 20-week moving average (~$36,300). Using Web3Tinkle’s indicator, the past mid-term corrections have not fallen below the green range, and the current price is around US$37,000. Therefore, I personally believe that if there is no black swan event, Bitcoin may consolidate sideways above US$37,000. After the correction, it officially enters the main stage of the bull market, showing a straight upward trend. 🔥🚀-----Looking at it from another perspective, I don’t think interest groups or bookmakers will carry out a large-scale washout, because the current fundamentals are quite strong. The ETF was approved, new capital was strong, and there was a lot of capital waiting to enter the market. In this case, large investors play games and sell a large amount of chips in exchange for lower entry opportunities. The price/performance ratio is not high: in the process of smashing the market, the waiting funds may actively absorb the selling pressure, but the losses will be greater. More chips. This is also why I think a sideways consolidation above $37,000 is more likely. 🐂🐂-----So, if this correction is the last buying opportunity, what should you buy? 💳Be sure to choose top sectors and assets, especially the leaders who performed strongly in the last wave, and don’t be attracted by market laggards.In a bull market, the power of funds will be reflected on the market, and those who are strong will continue to be strong. Ethereum Inscriptions#ethscriptionsis my top pick, with#ETHShaving a great run on the last leg as a leading asset. In the next wave of rise, it has the opportunity to surpass Bitcoin. The reason is that btc.d begins to weaken, the ether narrative is coming, and it needs to make up for the rise. 🔥🔥At the peak of Ethereum’s market capitalization, its market capitalization will actually be similar to Bitcoin. The current market value of Ethereum is one-third that of Bitcoin, and there is huge room for pursuit of growth. The narrative of Ethereum has not yet been overly hyped by the market. Ethereum’s Cancun upgrade is imminent, and Ethereum-related altcoins are currently at lows. This is a good time to allocate Ethereum-related assets. ⏰⏰Inscription is an emerging asset class and is supported by top firms. This sector has huge potential capital and human flow, and has huge potential. With improved infrastructure and liquidity, the entry of institutional funds will become more convenient. In addition, you can also pay attention to the MEME sector on Ethereum, join the leading MEME community, and observe those currencies that have undergone a major reshuffle. If there is still a group of firm believers and the leaders of the community are actively involved, then this will be a good time to buy. Next, I will also share more of my favorite currencies. 💰#ordi #1000sats #eth

Falling Wedge

The Falling Wedge is a bullish continuation pattern commonly seen in technical analysis. It typically forms within a downtrend and suggests a potential trend reversal to the upside. The pattern resembles a wedge, with converging trendlines slanting downward, indicating a decrease in selling pressure and the potential for an upward breakout.

How to Trade Using This Pattern:

Pattern Identification: Identify the Falling Wedge pattern by observing two downward-sloping trendlines that converge. The upper trendline connects lower highs, and the lower trendline connects lower lows. This pattern suggests a potential weakening of the downtrend.

Entry Point: Consider entering a long (buy) position when the price breaks above the upper trendline of the falling wedge. This breakout signals the potential for a reversal and an upward move.

Stop Loss: Place a stop loss order slightly below the lower trendline to limit potential losses.

Profit Target: Measure the height from the start of the falling wedge (the highest point of the upper trendline) to the lowest point of the wedge. Project this distance upward from the breakout point to estimate a potential target price.

Confirmation: Look for increasing volume during the breakout to validate the pattern's significance.

Important Points:

Duration: Falling wedges can develop over varying time frames, ranging from weeks to months.

Volume: Higher volume during the breakout adds credibility to the pattern's reliability.

Bullish Continuation: The Falling Wedge pattern suggests a potential continuation of the previous bullish trend after a period of consolidation.

Pattern Failure: If the price breaks below the lower trendline, the pattern may be invalidated, and the bullish bias could be nullified.

Additional Indicators: Consider using other technical indicators, such as Moving Averages or Relative Strength Index (RSI), to support your trading decision.

Variations: While the classic Falling Wedge pattern is well-defined, variations can occur. Focus on the key elements of the converging trendlines.

Risk Management: Apply proper risk management techniques, including setting appropriate stop loss levels and position sizing, to protect your capital.

Practice and Learning: Practice identifying Falling Wedge patterns on historical data or a demo account before executing trades with real capital. Continuously refine your skills and adapt to changing market conditions.

Remember that trading patterns provide valuable insights, but they are not guarantees of future price movements. A well-rounded trading approach combines technical analysis with fundamental analysis and awareness of market trends and news. Consult with financial professionals and adapt your strategies to suit current market conditions.