Let’s continue to talk about the market

The altcoins have experienced two sharp declines, and basically all deleveraging has been completed by -50%. Now many altcoins have rebounded by 30% from their lowest points

But the focus is far less than the big bull market in 2021. The leading Dogecoin in 2021 reversed by 80% and soon reached a new high.

Therefore, we should have the recognition that this round of market is not as good as that in 2021.

The second point: Shanzhai has definitely completed deleveraging, and there will be a second bottoming out in about 7-10 days. The second bottoming out is a bargain hunting opportunity.

Third: Big Cake has not finished falling, and Shanzhai has completed deleveraging.

Big Cake has not completed deleveraging. In the past month, Big Cake has bottomed out three times at 59,000, 60,800, and 59,500, and the highest point is only -15%.

This drop is not enough, 🐍qun scab 崴: 362014583 So after rebounding for 2-3 days, Big Cake will continue to bottom out. The bottom is still around the MA120 bull-bear line of 55,000.

Both cakes have fallen below the bull-bear line of 2,900, and Big Cake is still far from the bull-bear line. Later, the second cake will be harder than the big cake.

Big Cake will make up for the decline, and the second cake will bottom out again.

In short, the price of Big Cake and the second cake is close to MA120, which is the bargain hunting area. MA120 is 120-day moving average, commonly known as the bull-bear line

After the bull-bear line bottoms out, the daily line will rebound sharply