Hangqing Viewpoint

Whether a new low or not is reasonable

With Ethereum's low at 4060, I believe the bottom has already appeared. Currently, Bitcoin has certain uncertainties.

This means that there is a probability that I believe Bitcoin will reach a new low tonight, while Ethereum will synchronously backtest the 4240-4100 range without breaking below. This will again form a bottom divergence between the cryptocurrencies, which will create a 'very bullish' structure for Ethereum. Then, the market can truly rebound. If this structure forms, I will have higher expectations for the upper space, believing it is very likely that this rebound will reach 120,000!