BTC monthly chart has 5 consecutive bearish candles. Logically, next month should be a bullish candle. But the biggest taboo in a bear market is "logic"... I was originally very bearish and had closed my positions, but I reached my target level in just one day, which left me quite confused. Actually, I can't predict now either, and I don't know how high a short-term rebound can go, but what I can say is that this is just a rebound, not a reversal. Everything is happening too fast, but I still lean towards the idea that without a quick bear, the bear market should still be quite persistent. Yesterday's decline was just a teaser. #btc #eth
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BTC monthly chart has 5 consecutive bearish candles. Logically, next month should be a bullish candle. But the biggest taboo in a bear market is "logic"... I was originally very bearish and had closed my positions, but I reached my target level in just one day, which left me quite confused. Actually, I can't predict now either, and I don't know how high a short-term rebound can go, but what I can say is that this is just a rebound, not a reversal. Everything is happening too fast, but I still lean towards the idea that without a quick bear, the bear market should still be quite persistent. Yesterday's decline was just a teaser. #btc #eth