Today's market analysis

In terms of the market, this wave is an oversold rebound in my opinion. As I said yesterday, this wave of decline is caused by real volume. It is a low probability event to rebound directly in the short term, so it is expected that it will continue to consolidate. If, as expected, the big cake can form a wave of shocks above 60,000, then the next trend is still optimistic. In any case, this wave of cottages not following the decline is an obvious signal to stop the decline, and the chips for bargain hunting can continue to be held.

From today's market, ENS and PEPE have rebounded significantly. These are representatives of cottages with strong early capital effects. One is the Ethereum ecosystem and the other is MEME. The former is one of the representatives of value coins, and the latter is a typical MEME. This also indirectly confirms my judgment that the market has reached the stage bottom. If the big cake does not break down and falls, combined with the cottage falling to a low level, it is a good opportunity for us to intervene.