Currently, BTC is in the 4th wave adjustment on the weekly chart (extreme 73000-70000). After the adjustment is complete, it will start the 5th wave.

ETH, from the weekly perspective, has completed waves 1, 2, 3, 4, 5, A, B, and C, and is preparing to start the weekly 1st wave.

ETH's weekly 1st wave should consolidate for a while, so once ETH consolidates well, altcoins will have a chance (referring to large-scale).

ETH needs to experience a period of bottom accumulation since it did not undergo accumulation last time.

I just calculated, and in principle, around 2000 should be the bottom of the C wave! However, since ETH's performance is not very good, if the 2000 level sees a significant drop, 1800 and 1500 should be reached.

If 2000 holds, and goes above 2200, ETH should have a chance for self-rescue.

If 2000 falls significantly, 1800 and 1460 are not far off either.

So, next week, look for bottom formation; if BTC closes above 82000, 80000 can hold, and we still look for a rebound.

ETH's self-rescue, 2800 is also a ceiling level (B wave peak). The turning point should be around 20.

On the daily chart, if BTC 78000 is the bottom, it is currently B wave brewing; if 78000 breaks, we still look for an A wave drop.

To judge whether 78000 is the bottom, we look at whether the closing stabilizes between 82000-80000. Currently, the triangular area is converging, we will see which direction it goes.

Currently, one positive aspect is that even though it went to 78000, the daily chart has closed above 85000 for 8 consecutive days.

This indicates that the market makers do not want to linger below 80000, as staying below 80000 will only cause panic, which is not conducive to the current selling. They also do not want to bring people in during the rebound.

I am initially judging that there will either be a false breakout above the previous high or a surge above 100000; there are many coins that can explode in the market. Regardless of how it performs, for now, do not think about it; BTC is heading to 150000.

The B wave is the market makers selling off, enticing buyers to take positions.

A small intermediate-level market is coming soon. Although it is not the main upward wave, it will still be exciting!

On the daily chart, B wave includes 4-hour level waves; if the 1st wave is counted as 4 days, it will take about a month to complete. So, this year's market must be very exciting.

B wave lasts for 2 months, C wave lasts for 2 months, plus the brewing momentum, the market is coming back.

This is the ideal situation; in short, without a little time for selling, it cannot be done. This year is easier to operate than last year and the year before.

From the weekly perspective, the 4th wave adjustment will still take two to three months. Without a clean washout, the 5th wave will not start.

ETH's weekly chart pattern is the same; it does not have reversal conditions, "bear" road is long.