8.3 A critical week 1. ETH's performance in this bear market has been textbook: each time it first crashes 40%, then rebounds to around the weekly 20 MA, and continues the crash cycle. 2. ETH has now rebounded to a critical point. If the daily candle body breaks below 1840, it will confirm the end of the rebound. The next wave of crashes could see ETH drop below 1380 and BTC drop below 49000. 3. Many people are saying the bear market bottom is in. My view is that BTC's 60K this cycle is equivalent to 30K last cycle—the bottom is still far away.