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Fleeting moment, now Bitcoin and Ethereum are experiencing a small waterfall. It is obvious that altcoins are directly collapsing without any show. The slight rebound in Asian trading volume is indeed surprising, but it's like a mantis trying to stop a chariot—yesterday, altcoins accurately peaked and then fell.
Unfortunately, Ethereum didn't reach 3100 to open a short position. If it had, then the corresponding levels for BCH at 650 and ZEC at 560 could have been used for initial shorts.
From the perspective of altcoin momentum, it is not a reversal, because altcoins generally have several times the gains of mainstream assets. If it were truly a reversal, combined with the recent altcoin rebound, it should have broken through the previous hourly high. Instead, it is now in a weak state.
I believe the B-wave rebound should have occurred in February. Currently, I remain bearish, so I am still waiting to short.