Blood month ?

2023年8月16日

Good day, today I would like to discuss the situation I described earlier, where after reaching 2150, we could have a correction similar to the one during the COVID time, and then a bull run would start. However, as of today, I cannot confidently say that the price will rise to the 2150 mark, as both Ether and Bitcoin look very weak. Technically, we have formed an ascending wedge, and we are at a very dangerous level where a stop loss cascade could occur. I've outlined the situation as I see it on the chart. Most likely, we will need some significant news or event for such a movement. In any case, even if there's a rebound upwards, I generally adhere to the overall downward trend, but that doesn't stop me from taking short-term long positions. Overall, keep an eye on your long positions. Good luck.