Notification
Wasn't it mentioned yesterday? The rebound is almost over. You can gradually start shorting.
Yesterday, the U.S. stock market also fell.
The market has started to enter a corrective phase.
However, I noticed that some altcoins have started to rally independently. The difficulty of trading in this wave is still quite high, as there hasn't been a widespread bullish market. It's mostly occasional independent rallies. The reason for this situation is still due to funds being overly concentrated in large institutions. Small traders don’t have the money to rally altcoins. The interest rates are still too high for small traders to bear.
It seems that a widespread bullish market can only occur in the latter stage of an economic bull run after interest rate cuts. Only then can there be a general rise.
During the rate hike phase and in the middle stage before rate cuts, altcoins generally rally.
In summary, we maintain our previous outlook and remain bearish. Weekly level adjustment.