The U.S. has imposed tariffs, and the cryptocurrency market has plummeted! #美国加征关税 #加密市场回调 #美国初请失业金人数
The article on July 26 (the altcoin season that started in April has ended) reminded that 'the altcoin season ended in April, the rebound will not exceed the high point around July 22, any significant drop in altcoins is just to speculate for a short-term rebound, the next wave of all-in altcoin season will be at the end of August or early September!'
Yesterday's article (huge divergence, great uncertainty, waiting for the new altcoin bull at the end of August or September!) raised the question about whether Bitcoin and Ethereum $ETH
There may be 5 waves, or there may not be 5 waves: [Bitcoin's rebound after 98200 is either over, or after the pullback 111283.12-113000-114539 (already reached) there are still 5 waves up], [the rebound in A-shares and Hong Kong stocks since April 7 is very likely to have ended]
Yesterday the circle reminded that 'the decline after Bitcoin 119800 and the decline after Ethereum 3941 is a combined pattern (wxyxz + zigzag + wave type A). Among them, wave type A is a 5-wave driving wave, in a combined pattern, 5 waves are not allowed to be sub-waves of a combined pattern, and should be considered just a part of the zigzag adjustment wave, therefore, after the rebound, it should drop again until wave type A completes a full zigzag adjustment wave, then determine whether the pullback has ended and whether there are still 5 waves.'
Bitcoin $BTC
Whether or not there are 5 waves, once Bitcoin's wave type A completes the zigzag adjustment wave, there will be a rebound of over 3000 to 5000 dollars.
Wave type A still needs one more wave below 112722.58 to complete a full single zigzag adjustment wave (expected 111000-111283.12-112722.58), after dropping once more, Bitcoin, Ethereum, and altcoins will have a significant rebound.
At the same time, will Bitcoin and Ethereum have 5 waves to make a breakthrough!
Although the altcoin season has ended, a rebound due to overselling in altcoins is imminent! It is expected to have a significant rebound of 10-15% or more. Friends who did not escape around July 22 and July 28, this is the last chance to escape! After the rebound, the altcoin spot must be cleared, go to cash, and then buy back at the end of August or September! Waiting for the next altcoin bull season! Interest rate cuts in September and October will surely rise!