Market Trends Suggest Potential Retest Of December Lows

According to Odaily, trader CrypNuevo has indicated that the market experienced a decline before a broader market rebound, with a focus on the lows near $90,000 in early December. CrypNuevo expressed the belief that these lows might be retested, finding it difficult to envision a V-shaped recovery from the current position. Instead, the trader anticipates a W-shaped pattern or a complete filling of the lower shadow. Ideally, CrypNuevo suggests that fully filling the lower shadow would be beneficial, as $90,000 represents a significant psychological threshold.