Market Perspective

Sweep Below 69 Then Rebound
In the perspective from two days ago, I pointed out one possibility was a rebound after sweeping 69
After reaching below 69 yesterday (I went to sleep early), there was a rebound, currently around 1500 points up
Whether we've bottomed is unclear, I believe the sweep depth may not be sufficient
I think it will go to the 68-67 range before rebounding, but here we only slightly broke below 69
Order book data suggests this could be a bottom, but not "extreme" (BTC amount below 10% is high, but not extremely high)
Not extreme enough has two scenarios: rebound then continue falling, or strong pullback during uptrend
Considering Bitcoin has corrected from 76 all the way to 69, which is quite steep, this doesn't count as a strong pullback during uptrend
That is, if similar data appears but at 72-74 after an uptrend then strong pullback, but a drop to 69 wouldn't be considered a strong pullback
Therefore, I don't rule out the possibility of exploring the bottom again before the 4H bottom divergence appears and then a big V-shape move
Currently, 1H bottom divergence has appeared (SOL, BTC)
Personally, I haven't added positions yet, if we break below 69 to new lows with bottom divergence I will add positions
Operations remain mainly spot trading, holding SOL and XRP
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