Will the big dump continue? Will the bull run return? What stage is the market currently in? Next, Amu will answer for you!

First, let's take a look at two images, one is the 4-hour chart and the other is the weekly K chart. The weekly K chart is currently in a wave structure, and the market is in the b-wave phase, which is also a secondary movement in a bear market. This means that the recorded market trend for a period of time is in the rebound phase. The 4-hour cycle structure is also a wave structure; the previous 7 waves have completed, and now we are in the 8th wave, which is the rebound phase. The resonance of both large and small waves is logically consistent, so we can expect a rebound in the market for the next period.
Let’s talk about whether there will be another big dump and bull run. We must understand a principle: discussing market trends without considering cycles is just playing tricks. For example, if you say a big dump is about to happen, and the first day there’s no fall, the second day there’s no fall and even a rise, then on the third day it falls, you start bragging about how you are a genius. Such baseless and nonsensical statements are foolish, and yet many people treat him like a deity, the beacon of the crypto world! Based on the market and cycles, there will be another fall at the weekly level, and at that time it will inevitably break through the 80,000 mark and go down to around 71, forming a divergence on the three-day line indicator. The bearish forces will weaken, and that will be our opportunity to enter and buy at the bottom.
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