Yesterday the timeline was full of arguments about donation fraud, and today people are gossiping about who kissed whom. But I’m not getting involved in any of this drama—what really matters is the market recovery.

BTC has climbed back to 93,000, and the more I look at it, the more I feel my previous judgment was right. Although the current trend is still fluctuating, if you look closely, you’ll notice that each pullback's low is getting higher. Personally, I don’t really believe we’ll see a new low; the 80,000 level should be the bottom for this cycle. At least for now, that’s how it looks—whether I’ll be proven wrong in the long run, who knows.

Also, over at Giggle, they announced that trading fees will be donated, but the market barely reacted. This kind of positive news had already been priced in by the market in advance, so it’s normal that the announcement didn’t trigger much response.