#山寨季可能开始了

Brothers, personal opinion, the last round of some altcoins' pump should have started.

BTC's 4-hour chart has tested the previous low twice without breaking it, and the daily chart shows a double bottom with volume recovering. This round of Bitcoin's last rebound may begin.

Reason 1: The investment funds from altcoin projects that previously invested in BTC are likely to have made profits and cashed out. The black swan's needle can only be driven down so deep by large institutional and investor sell-offs. Many people have a misconception that breaking major support requires significant trading volume. Therefore, altcoin projects may profit from BTC and ETH investments, with funds flowing back to pump prices, even long-term underperformers like FIL, Audi, and FET jumped significantly as if they had taken performance-enhancing drugs, starting off strong.

Reason 2: Due to many large holders selling, the burden on BTC's main players has eased, making it much easier to pump. Last night's 4-hour candle showed initial signs with a large bullish body.

Reason 3: Bitcoin's 4-hour chart has broken the bearish trend at 108000, showing signs of further rebound. So if Bitcoin has a chance to pull back to 98800–99500, and it does not break after three attempts, it's a good buying opportunity!! Or wait until Bitcoin breaks below 98800 and then recovers to chase the trend on the right side. If it breaks and fails to recover, just watch. The selling pressure the market faces on the left side is uncertain.

ETH shows signs of a stronger rebound. If Bitcoin tests down three times and breaks below 98800, there is a probability that Ethereum will break the previous low. The battle to defend the 3000 level is crucial; my personal opinion is that it won't break 3000 and will resemble the previous horizontal consolidation around 2100–2800 that lasted a long time.

Bitcoin has short-term support around 102000, near 100500, with 99500–98800 becoming a lifeline. If it falsely breaks and recovers, it could form a triple bottom, and then we just go for it. As for how far the last round of the upward trend can go, I don't know. Anyway, in my personal opinion, if it breaks and stabilizes above 104460 on the 4-hour, there is a high probability it will reach 110000.