The rebound was below expectations, and there is no third phase of increase. Last night I reminded you that 【the two-day rebound has ended. Next, Bitcoin needs to have a low point below 111920 for a significant rebound】

Today, pay attention to the support at 112650. If it breaks below 112650, it can be determined that the rebound has ended.

Ethereum and Solana barely met rebound expectations, and we have also taken some profits. Bitcoin is $120 away from rebound expectations, and other altcoins do not align well with rebound predictions, with no increases of more than 10-15%.

If major altcoins break below the early morning low points, it cannot be ruled out that there will be another low point below the lowest point on August 3rd (located at the lower band of the daily Bollinger Bands) before a significant rebound occurs!

Taking WIF as an example, altcoins have descended from the peak around July 22 in at least a single zigzag corrective wave. This single zigzag corrective wave has only reached A-5 wave so far, with the target being the lower band of the daily Bollinger Bands. After the A-5 wave ends, there will be a B wave, with the B wave rebounding to the middle band of the daily Bollinger Bands. The B wave rebound will not be less than 3 days, with a rebound amplitude of no less than 10-15%. After the B wave rebound ends, there will be a C wave decline.

The specific chart has been sent.