After being empty for a long time, the bulls finally launched a counterattack at a critical turning point, and the daily K-line formed a morning star, which is in line with the logic of short-term rebound mentioned in the previous article. As long as you follow the trend and grasp the rhythm, the operation will be smooth. The mainstream cryptocurrencies such as Bitcoin and Ethereum have been rebounding for about a week. Why?

First, let's look at BCH, which was the leader in the previous uptrend. Its rebound is naturally indispensable, and the rebound time is longer, and the rebound space is larger. The rebound started on July 25th and lasted for 13 days, which happened to be the day before the beginning of autumn. This is a turning point, and before this, the bulls of BCH were safe, and the operation mainly focused on buying at low points.

Next, let's look at Bitcoin and Ethereum. Around the critical turning point of 21, a bullish hammer candlestick appeared, confirming the establishment of the short-term rebound structure based on the cycle and pattern. The second-tier leaders of the previous uptrend will not have such a long rebound time, and the space will not be as large. Basically, it will end in about 8 days. This short-term rebound may be a bait set by the "whales," and its real purpose is to prepare for the subsequent market slump. The operation strategy is clear: focus on buying at low points in the recent week, and the rebound is expected to end around the beginning of autumn.

Last week, I shared several leading spot cryptocurrencies with everyone, including BCH, DOGE, XRP, CFX, and LDO, all of which followed this rhythm. Just execute according to the original plan.

As for LTC, tomorrow is its "halving" day, eagerly anticipated by all. I started talking about it around the price of 55 in November last year, with a target of 105, which was reached in February this year. After a pullback in May, I gave a second target of 128 at a price near 75, and it reached a high of 115, not far from the target. As for the expectation for this halving, it is not so high, because in the overall environment, this is just a rebound, considered a "fish tail" market. From the trend structure, even if it breaks the new high of 115, it will not go too far. At most, it will fulfill the dream of 128. My view is that reaching around 108 is already very good, so lower your expectations. "A thousand cups of weak water, only take a sip." If you can make 1 yuan, only make 70 cents, and leave 30 cents to help the world. With this kind of mindset, trading will not bring so much trouble.

Final words: The encounters in life come and go, and going with the flow is the best attitude.

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