Is this recent rally a bull rebound of a bear retracement? To make an assessment if the market has turned bear, during the closing second quarter on 29th June 2022, we discussed on the topic “Using S&P to Identify Recession
and on the 19 Jul, 2 weeks ago the tutorial posted here, we studied and expecting this current rebound, topic “Nasdaq a leading indicator of Dow Jones, S&P & Russell”.
In today’s tutorial, I thought of doing a recap between the two videos and explore if the current market and its development, if it is a bull rebound heading to break another new all-time high or if it is a bear retracement?
I have included both the video links below.
Before we get into this topic, please also take some time to read through the disclaimer in the description box below.
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
Tutorial example:
Micro E-Mini Nasdaq
0.25 = US$0.50
1.00 = US$2
(12,900 - 11,900) x US$2
=US$2,000
(Note: Opposite is also true)
• During the closing second quarter in June, on 29 Jun - “Using S&P to Identify Recession
• On the 19 Jul, 2 weeks ago - “Nasdaq a leading indicator of Dow Jones, S&P & Russell”
Bearmarket
ETH - FINAL RALLY OBJECTIVES!! Elliott Waves show it to youHey traders,
I am showing you today my COINBASE:ETHUSD chart in Elliott waves.
As we can tell, we will be going for a last bullish push pretty soon, in order to go reach our final objectives of this bear market rally.
Long objectives:
1/ 1824/1860
2/ 1905
3/ 1960/1996
4/ 2080/2122
Thennnn, the big drop.
Go check my previous charts to know where the short objetcives will be located
Don't forget to move around my chart to understand the entire pattern
Heres the different way I found my objectives:
Fib retracement of the B
Fib extention of the "c" of the "abc" of the B
Fib extention to find the yellow C
Major fib extention to get the objectives of the Y
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BTW, I am selling a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a clear, simple and explicative way,
Contact me in private, or in comment if you don't have enough reputation point if you are interested
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Don't hesitate to comment and check my other ideas
Still in bear flag….17K is not the bottom , 20K is not the bottom.
We have a problem of bullish.. we continued sideways of a channel and still in bear flag but yet … it’s STILL FORMED!
Problem was it’s not over. Biden decline USA is in recession twice and yet we be seeing another truck downside.
10-14K has the strongest bottom floor support.
If your still in profit I highly suggest secure your profits immediately.
Bear flag still formed and long consolidated with a bear flag won’t let the bulls go off that easily.
It has to go another big drop down 10K area then sky rocket up.
BTC at bear-trend resistance lines! Be careful!Many people out there call for a bullish momentum up to $26k - $28k.
If the pricemanages to break through both resistance lines and flip it into support - there might be some chance to reach $25500 before some correction.
Actually i wouldn't recommend opening a trade and wait for confirmation. I'm expecting a big SL hunt for bears and bulls!
Eth/Crypto Projection, Ultra Fakeout Incoming?Similar to January 2019, we're due for a technical correction and bear market rally. We're riding the resistance bounds of short term gains, and now that it's opportune for market markers to turn the viewpoint of the crowd bullish again, it seems like shorts are now the crowded move and perhaps the wrong move.
Long-term momentum should remain bearish (white line in chart) and it wouldn't surprise me if we went down from here very shortly in the next few weeks, set a short-term higher-low (white flag in the chart), followed by a medium-term lower-high (the red hammer in the chart), followed by more downtrend where more consolidation happens. Unless of course severe QE or something fundamentally crazy happens that will interrupt it somehow, which definitely seems possible sometime soon, and should be prepared for.
Personally, I know anything can happen, but being a contrarian tells me that this is the move the crowd won't be able to see. They are bearish but got a bit scared by this recent rally. Some have covered their shorts. Why not force them to reconsider their shorts for one quick fakeout before a large long move?
What do you think? Am I crazy? Do you think it's possible?
Good luck, thanks for taking a look, and don't forget to hedge your bets!
PS. 5000 is a bit of a stretch for a target, my hand got carried away with the drawing tool! :p
Anywhere 2500+ would be pretty impressive imo.
Continuation of Bear Market Rally Summer 2022Hello Hello! So far so good from my previous bear market rally chart. Everything seems to be held in place as the market continues to climb upwards with regard to recession and the recent 75 bps rate hike and on top of it all very controversial earning reports. Shorts and retail continue to be punished for their bear case as the market continues to climb upwards breaking above the 400 level and more. Let's continue this rally till September SPY 440 is my goal end of September, see you then!
BAC: TurnaroundBank of America Corp
Short Term - We look to Buy at 32.43 (stop at 30.27)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Previous resistance level of 32.32 broken. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. We look to buy dips.
Our profit targets will be 37.49 and 40.00
Resistance: 37.50 / 44.00 / 50.00
Support: 32.32 / 30.00 / 26.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
BTC - Update on the drop, before the bouncy bounceHey traders,
BTC is looking mad with the triangle shape. Of course, this week is very choppy, full of news.
Nevertheless, we are able to find the incoming last objectives before entering in the (C) of the bull rally of the bear market
I leave you bellow my screenshot for you to understand how to find those objectives
Short zone until:
1/ 20350/20190
Then the long obejctive zones:
1/24840/25100
2/25470/25730
3/26830/27100
Understanding how to find the fractal of the (e)
Finding the B of ABCDE
Finding the C of ABCDE
Finding the D of ABCDE
Finding the E of ABCDE
Annnd how to find the (C) green to finish the bull rally
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BTW, I am selling a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a clear, simple and explicative way,
Contact me in private, or in comment if you don't have enough reputation point if you are interested
.
.
Don't hesitate to comment and check my other ideas
WMT:Consumer spending declining?Walmart
Short Term - We look to Sell at 127.66 (stop at 133.76)
This stock has recently been in the news headlines. They issued a profit warning ahead of earnings. Our outlook is bearish. A firmer opening is expected to challenge bearish resolve. Resistance is located at 128.00 and should cap gains to this area. Preferred trade is to sell into rallies.
Our profit targets will be 112.83 and 108.00
Resistance: 136.00 / 145.80 / 160.00
Support: 112.80 / 105.00 / 85.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
ETH - Update on the current move, and the incoming pumpHey traders,
As you might know, this week is full of news, between the earnings of the biggest tech companies, the FOMC, the GDP reveal, so the confirmation of the recession (that they still don't want to admit)
So, IMO COINBASE:ETHUSD is about the reach the different purple objective that you can see, and then bounce with all the acts and BTC for the last bull rally of this bear market correction.
So I forgot to publish my idea, but the first objective has been reached with a strong bounce, but the market wants to look lower
The two other short objectives zones are:
1/ 1400/1380
2/ 1323/1305
And then we are going for the same longs objective as I publish in the last idea on ETH
Long objective zones:
1/ 1746/1770
2/ 1848/1885
3/ Maybe even above, on the 1900 zone to play on the 90% retracement
My chart that I forgot to share to you....for you to see the real power of the Elliott Waves
s3.amazonaws.com
How to find the zones:
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BTW, I am selling a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a clear, simple and explicative way,
Contact me in private, or in comment if you don't have enough reputation point if you are interested
.
.
Don't hesitate to comment and check my other ideas
Bitcoin Enter Multiyear Bear PhaseWith recent failure at $29318, Bitcoin has undergone major invalidation to its macro wave pattern. Seemingly invalidating its impulsive form, I believe the King of Crypto is due to form a big wedge/diagonal/wyckoff pattern over the next number of years. Considering the ultra aggressive drop cycle we've all witnessed, I believe Bitcoin to also be in yet another more micro version of a diagonal move was well.
With 3 big waves stretching down from $68K > $28K, we could see a sizeable return to the range of $50-$55K as a Wave 2 correction.
Denial at this level would prove as confirmation (imo) to the yearslong downside cycle.
I guess its time to see how Alt Season really operates.
Also interested to see how this affects Bitcoin's dominance on the market.
How Low Will it Go?!Look to the 2020 correction zig-zag to form bottoming price structure. Getting crushed to capitulation in October would be the usual outcome.
Timeline for the bear likely will be in the 9-11 month range, bottoming on October or early November. Typical bear is nine months, rarely >15.
RSI would get crushed well under 20%. Short -term oversold condition could provoke a weak rally; short onto any rally going forward imo.
Be ready to enter longs in 4th quarter. Do not get onboard too soon, do not FOMO my friends. There will be plenty of time for longs after.
Better to miss the bus than get run over by it, eh?! Be wary when bottomfishing! GLTA!!
Ethereum (ETH) - 21/7/2022 ideaMarket is currently in process of correction from that huge rally we had during the past week or so.
1250 level on ETH is very important for buyers to defend as it is where we broke out from and was previous heavy resistance,
under that level we're entering heavy bear territory which would lead us to somewhere between $500-600 where I think we will potentially see a macro bottom for ETH.
I believe that the bullish scenario is more likely as market didn't have time to catch this rally, thus 1250 should act as a strong buy zone.
Bitcoin price per month. Bottom 14300, top 230000, and 14 reasonI am in the crypto market for 4.5 years and I checked the chart nearly every day since December 2017.
Altcoins and Bitcoin will go down another 50%
Reason -
ECB start hike -> bullish for EUR
FED start hike for another year -> bullish for USD
Inflation highest in history- when this happened a recession follows
Chinese are banned from crypto transactions since December 2021 (exchanges not allowed to host Chinese users), drop in volume
Mt. Gox Bitcoin release since August 150k
Large Bitcoin wallet sending 10000+ Bitcoin to decentralized exchanges
Retail traders are completely destroyed and severely in debt; who will pump the market
Institutions who are responsible for the this bubble are liquidated
ETHBTC rejection
Altcoins fell while Bitcoin kept going
RSI is almost as high as BTC 48k!
Bearish ascending wedge
Strong resistance at 25-28k, no reason for institions to purchase straight into resistance with poor macroeconomic environment
Some important figures in crypto speak bullish but their wallets show sell off
BTC - Sooo you're telling me that gobling town isn't over?!Hey traders,
Sorry to disappoint you, but yes, goblin town is not over, and we might go to find the abyss of the goblin queen.
I mean...it was quite obvious too.
So today I am sharing one of my entire bear market plan for you, I hope I made my chart clear enough for you, don't hesitate to zoom in order to understand better the sub-counts
As you can see, we are not yet done with the pump.
My long objectives zones are:
1/ 23000/23275
2/ 24066/24333
3/ 25000
And then my objectives zones to reach the goblin queen are:
1/ 13000/12400
2/ 10200/9500
3/ 7500/6800 (starting to get really dark :o)
4/ 4500/3700
Bitcoin analysis (short bias)From a pure technical standpoint every time price reached the downtrend line it shot down almost 1000 pips.
I'm going to say it will repeat and cause one more flush of the swamp before we see the bullrun rally begin.
Unless price breaks out of this larger timeframe downtrend I don't see it becoming a bullrun just yet.
All this is at this moment is a patience game. Wishing you all abundance and good luck to you.
BITCOIN IS FORMING NEW LOW!BITCOIN is unfolding a new low before it makes a more significant upward corrective move!
The wave structure of significant upward movement after making a new low will determine the longer-term journey of BITCOIN!
DISCLAIMER
This is not an investment advice. Please do your own research and analysis while doing the investment.
Deeper Network DPR Crypto Bearish MDeeper Network DPR Crypto breaking down from the Bearish M Pattern with a drop to .0186cents. I am assuming it will do the drop when BTC Bitcoin does its next major drop.
Bullish News: Aug. 5 & 6, 2022 Deeper Network has an invitation to showcase at Sir Richard Branson’s Block Chain Summit on Necker Island at the Neckerverse Showcase for a chance to pitch to the Virgin Impact team and other global heavyweight investors.
Bearish News: Possible Token Crash Starting around September 6, 2022 thru the next 8 months, investors getting Deeper Chain DPR returned to them who bought in at .006cents to .02cents. Deeper is only allowing 750,000 DPR total perday from the miners and the invests to go over the bridge from Deeper Chain to the other two chains to get to an exchange and to sell. Some of the people have set up computer programs to keep dumping coins over the bridge first so they do not get locked out when the daily total of 750,000 is hit. There was 2Billion token allocated to sell but they only advertise 1Billion being sold. DPR given out already to the investors that crashed the coin the first time, there is an estimated amount of 3.3Million to 6.6Million Deeper Chain DPR being released each day to their investors for the next 8 months starting in September 2022 thru May 2023. Will Deeper fully open the bridge or will they try to control their investors cash out for a second time, well see what happens…….. How will the miners plan for this apocalyptic scenario of no longer being able to move Deeper Chain DPR across the bridge to get it on an exchange to pay for their expenses? I foresee another massive upset that Deeper Network will hush the investors by kicking people out of there Deeper Network community social groups when people complain and get upset like what happened when they lock up the investors DPR the first time without paying them back as was promised in their smart contract that had a hidden back door in the smart contract to reprogram it and to lock back up again. This is a lack of trust that I don’t think Deeper Network will every out live.
-Crypto Whale Information: See the Whale news on my channel for their Wallet address & Location, as you can track for yourself who is a true supporter and who is a dumper…… (AMA said Whales are allowed in the project now)
- Deeper Chain Community Governance - Currently being controlled directly by Deeper Network, not by the Community but thru a back door in the program (Verified on AMA)
- 7 Validator Nodes on Deeper Chain, 3 have been verified to be in control of by Deeper Network DEVs, apparently they can control votes on the Governance with their locked DPR rewards- Wallet Addresses 1st 5C4vNVT5pDroqufEtXKYp3RKrNXVTHk9yqTeNNUSnJ6EbGGY ; 2nd 5CJDFR5RCMxPwVdzgH6JA9D7M625FEFKrdsJG1JnQVQdQkH2 ; 3rd 5HCG6MvAhYgLZdPoD1BVHEjgKee9n4AhMLKfq64VLiM4znuU
-Deeper Chain DPR Crypto Burn Wallet #1: (Warning this is a subject Deeper does not like to talk about) There has not been a routine burn setup yet promised by Deeper to fight inflation . The only burning is est 21DPR perday equivalent to about .80cents per day!!! from the Validator transactions which they are calling a “Routine Burning or Every Gas Fee”. The old burning was every 7 days and burnt all the treasury wallet. Then they slowed it down to every 24 Days thru the Treasury and to burn only about 1% now. There is credit burning set up for the miners, which is false advertisement because they only burn 1% of the money paid to buy credit to increase mining rewards. The rest of the money is added to the treasury wallet for Deeper to pay their DEVs instead. Waiting for Deeper Network to provide Burn Wallet Address for all three Blockchains so the community can monitor what they are being told. Talking about this subject will get you band and removed from Deeper Network Social media accounts so be aware………… Deeper Network has responded to my concern about this saying "that 1% of the treasury wallet is burned each day" but I don't believe that's what happens, I believe that only 1% of each transaction that is transferred to the Treasury wallet is then sent into the burn wallet only during the transaction process, not that 1% of the treasury wallet total is burned. So once the funds go into the Treasury wallet once the 1% has been taken out, the remaining funds are no longer programed to be burned. (...to be determined) At the moment it is unknown how to see a total burn amount from this wallet but you can see how much DPR will be burned in the next 7 day burn period.
-Deeper Chain DPR Crypto Burn Wallet #2: Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity.
- Deeper Token ECR-20 Blockchain Ethereum Burn Wallet Address - Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity.
- Deeper Token BSC Binance Smart Chain Burn Wallet Address - Deeper Network has not provided the wallet address, nothing would be in the wallet address that i would be aware of if it exist yet
- Deeper Chain Treasury Wallet Address: 5EYCAe5ijiYfyeZ2JJCGq56LmPyNRAKzpG4QkoQkkQNB5e6Z (At the moment this is funded by the left over Validator Transactions & Burn DPR for Credit Score Increase, 1% of Transactions going into the wallet are Burned, this is confirmed)
- Polkadot Parachain for Deeper Chain – not yet, no future plans at the moment (Verified by Polkadot Support)
-10 Billion DPR Total: 6 Billion DPR will be mined within 25years (Verified on AMA); & 4 Billion DPR Belong to Deeper & Investors
-Location of Deeper Network servers where VPN data is stored: Unverified, Programmers working from China, ect. , Government Jurisdiction over VPN data information unknown, Privacy VPN info shows data is kept by Deeper Network, time period kept unknown.
- Deeper Network VPN / DPN equipment concerns: They say they do not keep logs of records of your internet access BUT!!!!! When you login to the device for the first time it makes you approve there two privacy agreements first. Terms and Condition of Use agreement under point Prohibited and restricted uses point #25 say : “We shall have the right… to monitor User Content”; The second agreement you must approve is the Deeper Network Privacy Policy under Data we Collect says “We may receive access to basic personal information from your social network accounts should you register or sign onto such services using Deeper Network Products or Services” (Why in the world is Deeper trying to collect your personal information?????????, also would they not also be able to see your banking information then...), then under section Data Retention it says “We will keep records containing personal data….. as maybe required by applicable laws (So then which governments laws are you under because there are countries that require no data collected) at the end of the day Deeper Network is not a Decentralized VPN because your data is collected in Deeper Networks Servers and Deeper Does not allow the Miners with the Exit Nodes for the VPN service to erase the VPN data on there own devices, even if their country allows for no logs to be collected. Will Deeper Network change their policy’s to be in harmony with what they told their community of NO LOGS/DATA KEEP BY DEEPER and ONLY DATA COLLECTED ON EACH EXIT NODE, apparently, they changed their minds……
Pico - At the moment the Pico is only good for mining with a Staked credit score, if the Pico has its own Public IP and is connected for months without being disconnected it will currently not get 10mb of traffic each day to get an increased organic credit score as an exit node, the network currently will choose a faster path out thru a Mini instead. So the Pico at the moment is not a good mining device if that's what you bought it for organically. This has been confirmed.
-Company Info:
-Deeper Network INC of the Marshal Islands (no office location there currently) Crypto Currency company that was set up as a shell company, filed on March 8, 2019 Entity number 100333 (Legal system mixed legal system of US and English common law, customary law, and local statutes; International law organization participation accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction)
-Deeper Network Inc of Delaware USA (no office location there currently) Software Developer/ VPN / DPN , Entity 201816910575 6/14/2018, EIN Tax ID# 841835438, State ID 04799167 This is the company that controls everything.
-Location Of Head Quartiers Office (5200 Great America Pkwy, Santa Clara, California, 95054) : The main temp office rental location no longer exists that is advertised and on Entity Documents the location is currently enmity and abandoned, supposedly working remotely from home and out of a shipping warehouse since the past two years or longer, unable to verify from the last trip to California. No new permanent office location currently that I am aware of that has been verified. Even from there past video of this office location you can tell it was just a temp location as if it was like one of those rent a cubical to work at temporary location.
(A Few people have come and gone from the head ranks, not sure if currently accurate)
Chief Executive Officer: Hui (Russell) Liu; San Jose, California
Chief Technology Officer: Hui Liu/Chao Ma
Secretary/Chief Financial Officer: Xiaoshuai (Cheryl) Liu ; Maple Ridge, British Columbia, Canada
Corporate Officer: Adam Wolfe
Lei Chang; Saratoga, California
Chief Marketing Officer: Eric Ma (Thailand)
Chief Branding Officer: Yinan S.
Software Developer: Arturo Jimenez
Product manager: Kain Xu
Bear Market RallyBINANCE:BTCUSDT
Bear market rally
Prior to anything else, it's critical to realize that we are currently in one of them. Bear market rallies are brutal because it's difficult to predict how long they'll last, how strong they'll be, and how long they'll last. It is challenging for most individuals to comprehend this because they lack patience and think in terms of the most minute time frame.
Rallies that periodically occur inside the downward macrotrend create a downward trend with lower highs on high periods (from 3 days to 1 week). Some of them result from cutting short positions in order to profit and start new short positions at higher levels.
Ultimately, a redistribution takes place after several weeks of growth of 30–50% (or possibly twice that, depending on the market's structure). Before they pull the rug out from under people, they need to think that the macro trend has altered.
The market's function is to take money.
Although he is capable of giving in, movements usually happen when traders are not around. The price rises if everyone is short. Down if they are long. Although it seems strange, it is true. The market is an evil steed. You are forced to buy when prices increase. Moving lower encourages selling. You must act because of the price. Keep in mind the feelings you have as you move up or down.
There won't be much market share lost if the price declines uniformly. However, the availability of rebounding enables powerful players to profit from movements in both directions while also taking the most money possible from you. Months of decline, followed by a recovery. You don't believe it at first, but it keeps getting stronger. When you finally give up and put your chips back on the table, they again take them away from you.
Before you declare that a fresh bear market has started, consider how long downtrends often persist. You should expect downtrends of one to two years and possibly a year of unpleasant sideways movement. Both in the cryptocurrency market and the stock market, there are a ton of historical examples of this. Look at the numbers and consider whether the extra funding can sustain the FDV of a sector whose overall valuation has increased 7 times. Do we have a sudden increase in users? new currency
The levels of BTC , ETH, ADA, and SOL as of today were marked to the nearest dollar six months ago. These are merely precursors to a bearish comeback and nothing more, as the primary macroeconomic issues still exist.
There will be multiple chances over the coming weeks to sell the rise and rebuy lower. After that, the decline will likely continue or there will be a long flat. If someone tells you there will be a new bull market but doesn't know how or why we got here, don't believe them.
Any powerful move up will inevitably be met with a countermove below. You'll now start to wonder why you didn't take advantage of the opportunity to make a profit. Don't be frightened to simply progress upward gently. Protect your capital to survive. Unknown are the scope and length of the current era. However, given the background, it is likely that the trend will last for some time.
There will be multiple chances over the coming weeks to sell the rise and rebuy lower. After that, the decline will likely continue or there will be a long flat. If someone tells you there will be a new bull market but doesn't know how or why we got here, don't believe them.
Any powerful move up will inevitably be met with a countermove below. You'll now start to wonder why you didn't take advantage of the opportunity to make a profit. Don't be frightened to simply progress upward gently. Protect your capital to survive. Unknown are the scope and length of the current era. However, given the background, it is likely that the trend will last for some time.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!