Don't think that a rebound means a reversal

BTC's decline has not yet ended

Currently, BTC is experiencing a stop-loss rebound around 100,300, and it has rebounded to about 102,900, with a rebound amount of 2,600 US dollars. Don't think this is a reversal signal. Last time BTC stopped and rebounded at 103,000, it rebounded to 106,700, with a rebound amount as high as 3,700 US dollars, and in the end, it also did not reverse. Of course, this rebound may be stronger than the 103,000 position because it just happens to be at the lower Bollinger Band position. In this rebound, I personally see two positions: the first position around 104,000, and the second is around 105,700, with a maximum around 105,700. If it goes down, I see around 96,000.

I always believe that the big drop has not yet ended. I think this month will mainly be a decline, at least it will drop until the end of the month. How much it will drop specifically will depend on the actual situation.

The above is just a personal prediction and should not be taken as trading advice. Predictions carry risks, including time errors and directional errors, and are for reference only.