The market has been relatively quiet lately, so let's take a quick look. Bitcoin's rebound since bottoming out on the 3rd hasn't been particularly strong. The rebound hasn't seen significant volume since the bottoming out, and it's been a shrinking rebound, so it hasn't even reached 116,000. Overall, it's still in a daily downtrend. If it continues its current weak consolidation pattern, it's likely this is just a downward continuation, and 112,000 won't hold. If bulls and bears temporarily find equilibrium here, then time will have to be traded for space. Judging by the converging triangle formed by the yellow rising trend line and the blue descending channel, a reversal could occur as late as the 17th. Focus on the recent lows and highs to predict future market trends.

Ether has been a standout, having once again broken through its previous upward channel. It remains to be seen whether it can maintain its position within the middle Bollinger Band on the daily chart and maintain its strength.

Like Bitcoin, other major altcoins are also in a daily downtrend, but are not following Ethereum. This is the most noticeable difference in the market. As predicted by Sister Bei, Pepe is barely holding steady at the lower edge of the converging triangle, but a break below is imminent. Without significant volume to halt the decline, Sister Bei intends not to enter the market and will continue to wait and see. Sui shows signs of stabilization, but the rebound is also weak, attempting to change the slope of the downward channel. Therefore, it is primarily trading sideways. Ideal short-term entry points are 3.1 and 2.85.

The overall four-wave correction is still ongoing. Watch more and act less. Without major bullish or bearish market developments, the volatility will gradually clear up until the end of the month. Play some swing trading on futures contracts, doing some buy-low-sell-high trades to kill time.

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