V has turned, V has turned, the pancake has returned to 99500, this comeback is too fast. After a one-hour rebound, it only tested the 95500 support once before breaking the V-turn pattern and breaking upwards.
Currently, the support is at 97800, 95500.
After extreme leverage cleaning, the overall market has at least returned to the price of the day before yesterday... Strong coins have returned to the vicinity of the previous high..
The price has come back, but how many people's positions are gone. It is said that the scale of liquidation has reached the third of December... This Christmas disaster in December is not easy to pass.
According to previous expectations, the timing is relatively in line. The bottom rebound is expected to complete between December 19th and December 23rd... I anticipated a downward adjustment but did not expect this wave of adjustment to be such a drop. I underestimated the market and the actions of the manipulators, so I have to once again revere the market.
The risk of continued adjustment breaking lower is now very small, so for spot trading, it’s time to enter the market without too much fear. Happy weekend!
