The impulse wave has been completed.
Why 38,981? It's the 0.618 FIB retracement of the major impulse wave + the last GAP that needs to be filled + the previous consolidation structure's POC. This is the strongest level, and it's the open gate to a new all-time high.
Unfortunately, this is going to be a bear market rally, and after we hit 39k , we could continue in the bear market and fall down to 6k–10k to complete this bear market.
Why 38,981? It's the 0.618 FIB retracement of the major impulse wave + the last GAP that needs to be filled + the previous consolidation structure's POC. This is the strongest level, and it's the open gate to a new all-time high.
Unfortunately, this is going to be a bear market rally, and after we hit 39k , we could continue in the bear market and fall down to 6k–10k to complete this bear market.