The ideal position for a short-term rebound is at $105,000, which is merely a theoretical description under ideal circumstances. Before the structure is broken, the major trend remains bearish, and the first target to watch below may be $93,000. Detailed analysis can be found in the previous posts.

At dawn, the price has completed a $2100 retracement. The previous post mentioned that a short-term rebound may occur here, but it is not a trading suggestion. For ETH, $2100 is the lower edge of the 4-hour central pivot on the left side of the chart, and the short-term rebound can be seen as oscillation around the pivot, without a clear target.
Regarding BTC, the price fell to a low of $98,200 at dawn, just a bit short of $97,800. In previous posts, it has been repeatedly mentioned that the standard price movement to fill the gap in the characteristic sequence needs to drop below $97,800, while a non-standard price movement can drop below $100,400. The current situation has basically completed the fill, but personally, I still hold a bearish view on the larger trend.
This post is merely a casual discussion; in connection with the short-term rebound of ETH, the ideal target for BTC is around $105,000. What is the ideal target? It is merely a description based on theoretical logic, and I cannot be certain if this level will be reached. In other words, whether $105,000 will be touched depends on the actual rebound strength, and everyone can observe it themselves.
#MichaelSaylor暗示增持BTC