Recently, the market has once again witnessed the familiar scenario of 'Americans dumping and Chinese buying'. Bitcoin's price briefly fell below 93,000, and numerous altcoins also collectively plummeted.
After Bitcoin dipped to around 92,000 yesterday, it stabilized and rebounded. However, the downward trend within the current range has not yet fully reversed. The current rebound belongs to wave B, and it is now close to the critical resistance zone of 100,000, with the rebound strength significantly diminishing. It is expected that over the weekend, when Bitcoin's price reaches the range of 100,000-102,000, it will again test the 90,000 mark, after which a new round of upward trend may begin.
The key points for Ethereum's rebound this time are in the range of 3,600-3,650. When the price reaches this range, short positions can be synchronized, with the lower target looking towards 3,300-3,200.
The evolution of trends takes time. From the actual price movements, it must inevitably go through repeated struggles and contests between bulls and bears before it can be established.