The pancake still needs to continue more, exit above 95000, next week will plummet to test 80000 again, and by the end of the year, it will surge to 112000.
The pancake will rebound to around 94000 next, there will be a bottom-fishing opportunity this month, pay attention to bottom-fishing near 78888. The year-end target is 130000, and the minimum should go to 112000.
As for Ethereum, it might touch 3000 in the short term before pulling back to a new low around 2555, and then it will explode. The cost for the whale is 2600, and they will need to push it to at least 5000 to sell, which is a process of high selling and low buying.
Let me share with you the trend forecast for the next month. If we can pull back to around 83000 to go long, and short around 91000, then at the new low of 78888.76666 continue to go long, we must reach 112000 before the end of the year. If not, I'll do a handstand and eat a dumpling.
The harmonic pattern is still somewhat accurate, although this is hindsight. Next month, there will be a second exploration around 78888. There is hope to reach 98000 by Christmas. The funding rates for Bitcoin and Ethereum were negative today, and in the morning, a giant whale bought nearly 100,000 Bitcoins. All bloggers are bearish, but I am a bit more optimistic.
The pancake has already been looking for a bottom. In terms of the volume of a single candlestick, there is already significant capital buying in at the bottom. This kind of volume is usually a sign of a stage bottom. Of course, it is possible that there will be another drop of one or two lower points, but the space for a drop is already limited, with each decline being a maximum of 2000 USD. According to the method of the big whale selling high and buying low, it is still too early to say it’s bearish. The first rebound target is 112000, and of course, touching 130000 is not impossible. Don't panic, continue to buy in spot, and it will be good by the end of the year, with contracts controlling the position well. The Ethereum whale's cost is 2700. Last time the cost was 1600, which rose to 4800. This time, where 2700 can rise to is uncertain, and we will see by the end of the year.