From the daily line of $BTC , we are approaching the end of a gradually converging oscillation range. Moreover, this is near a relatively effective support level (the support that has continued from the previous two spikes downwards). This morning, there was a clear buying signal at the 15-minute level, and based on the combination of both factors, the first expectation is that it can reach above 98000.
Then there is a second piece of good news for the market; the rebound strength at $ETH is slightly stronger, mainly due to the overselling. Compared to Bitcoin, ETH has already dropped significantly, and the oversold rebound of ETH will also drive an effective rebound in altcoins. Here, a small position in Pepe was taken early yesterday.
However, it is still unknown whether this is a reversal of the market; it is likely not. We need to wait for the 4-hour level central point to come out to know for sure.
