March 7, 2026

As expected, the concerns I mentioned yesterday have come true. Major cryptocurrencies remain weak, with Bitcoin falling below 70,000 and Ethereum losing the 2,000 mark. This means that the anticipated rebound is still difficult to initiate in the short term. However, there is still a glimmer of hope—after all, Bitcoin has hit a one-month high. But if the weak market sentiment persists after the weekend and doesn't improve, then the expected rebound will have to wait longer.
In the past few months, newly listed coins have continued to decline immediately after launch. This reflects poor market sentiment and also indicates the attitude of the main players, who are not optimistic about the future and are reluctant to push prices up. If that's the case, then based on market signals, there are no clear signs of a rebound yet.
However, the recent bottom seems somewhat obvious, although the duration of the consolidation hasn't been long enough—just over a month. Generally speaking, a true market bottom should last at least three months of sideways movement. Of course, since I see the upcoming rally as a "rebound," the consolidation period is expected to be shorter, around 1-2 months.
The weekend market is relatively calm, which seems to be the first normal weekend since the start of work. The weather has also started to improve recently, so enjoy the weekend. Actually, there's no need to overthink this kind of market. The few new coins I’ve been playing with lately have all resulted in losses, but I’ve been saving money and having fun instead.
Thanks for your attention and likes.