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I've always felt that these two waves are quite similar. During the 2022 bear market, the market retraced the Vegas tunnel 5-day moving average and rebounded by 47%. Now, if it can rebound to around 107,000, which would form a large-cycle head and shoulders top pattern, the rebound strength is 33%. If it rebounds to that level and then enters a bear phase, it might better align with the market trend.
But no matter how it unfolds, once this weekly rebound ends, it will move down again, whether it's the current market or the honest wave #加密市场观察 .