BTC has arrived near 109000 as expected
The weekend's rebound should be coming to an end
The day before yesterday, I posted to inform everyone that they could bet on a rebound near 107000, and it dropped to around 107200, which is almost the same as the low buying price I mentioned. Yesterday, I posted again to let everyone know that the rebound should reach around 109000, and it indeed peaked at around 109400. Everyone should have benefited from the 2000-point low buying rebound, right?
So how should the next market trend unfold? If BTC ultimately stabilizes above 109000, it should rise to around 110000 and then drop from that level. If it doesn't stabilize, it will continue to drop from around 109000. Ultimately, I believe it will drop to around 105000 for another rebound. Whether 105000 will be the final bottom, we will need to assess based on the actual situation as we go along.