After the weekend, I checked the market. Although there was a dip last night, fortunately, it's still hovering within the 85-94 range and has now climbed back above 905.
Honestly, that nearly 20% plunge a while ago was quite damaging. Such wounds can't heal in just a day or two. For the market to truly enter a recovery phase, we need to patiently let time do its work.
As for when we might see a trend reversal? I think two conditions need to be met: first, there has to be substantial positive news on the macro front; second, the price has to break through the 104 mark—or at the very least, hold above 101 for any real chance. Otherwise, it's just going to keep grinding in this range, and there's no point in rushing things.
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After the weekend, I checked the market. Although there was a dip last night, fortunately, it's still hovering within the 85-94 range and has now climbed back above 905.
Honestly, that nearly 20% plunge a while ago was quite damaging. Such wounds can't heal in just a day or two. For the market to truly enter a recovery phase, we need to patiently let time do its work.
As for when we might see a trend reversal? I think two conditions need to be met: first, there has to be substantial positive news on the macro front; second, the price has to break through the 104 mark—or at the very least, hold above 101 for any real chance. Otherwise, it's just going to keep grinding in this range, and there's no point in rushing things.