BlockchainThinkTank

Investors should be cautious about the current market rebound. Although the daily chart has risen for 8 consecutive days, historical experience suggests that this is not enough to determine that a complete rise has begun.
Typically, a significant rise phase requires at least 20 to 30 days to fully unfold. For example, the previous rebound from 98000 to 123000 lasted for 23 days. This indicates that the current rise may still be in its early stages.
However, we cannot ignore the possibility that the market may be in a consolidation period. In this case, the rebound may end within 10 to 15 days,
View OriginalTypically, a significant rise phase requires at least 20 to 30 days to fully unfold. For example, the previous rebound from 98000 to 123000 lasted for 23 days. This indicates that the current rise may still be in its early stages.
However, we cannot ignore the possibility that the market may be in a consolidation period. In this case, the rebound may end within 10 to 15 days,