Can we expect a second phase of the market trend? The next few days are critical. Whether it consolidates sideways or breaks upward, these two signals are very important.

If all conditions are met, riding the current spot market enthusiasm, there’s at least a chance to reach 0.23, and if luck is on your side, even 0.28. Conversely, if the rebound turns into a downward trend, market sentiment will be amplified infinitely, and a panic sell-off leading to a 50% drop is not surprising.

Don’t say a panic sell-off won’t happen. During this rally, many retail investors followed the trend and bought some, but probably less than 10% of them managed to take profits. What are the new entrants thinking? It’s nothing more than stubbornly holding through small losses, panicking and dumping once the price breaks down, and being reluctant to sell during rebounds.

Why don’t they sell during rebounds? Basically, it’s psychological expectations at play. Many people set a target for themselves when buying, even if that target is a bit unrealistic, but it subtly influences their decision-making. This psychological drive is often stronger than technical analysis.