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[Continuing from the previous article, where is $SOL suitable for going long and buying the dip?]
The previous analysis indicates that Bitcoin still has a chance to continue to dip. The most optimistic scenario for Ethereum is to make a second dip to the range of 125-123. If it falls to this level and effectively rebounds, then this second dip would be considered valid.
It is also possible to discuss the likelihood of a bottoming out. If the situation worsens and there is no rebound at the 125-123 level, then we will be heading for new lows. A better scenario would be if the 119 level can spike up, while a more frustrating opportunity might come at the 115-113 level.
So there's no rush at this position, not at all. Just wait and see!