February 9 Market Outlook: Assessment of the Ultimate Rebound and Subsequent Risks

First, let's review last week's market performance. BTC formed a significant long lower shadow with a massive trading volume. This technical pattern clearly indicates that the 60000 level has established itself as a solid phase bottom. Based on this signal, it is expected that an effective upward offensive will unfold in the market within the next 1 to 2 months, and I anticipate the target range for this rebound to be between 78000 and 85000.

However, investors need to be cautious that after this rebound ends, the market may face a comprehensive collapse crisis. At that time, the downward trend will not be limited to the cryptocurrency space; US stocks and even precious metals and other asset classes may also be involved. Considering the cyclical factors of the second half of the bear market, combined with the political uncertainties triggered by the US midterm elections and the market's own deep correction demands, the entire investment community is likely to face an extremely harsh winter period.