In June 2017, Ethereum plummeted to $10 and then slowly recovered. Last night's crash is no different from that year, the only difference is that the current market is more mature. So, if you hold spot assets, there is no need to worry, the market will recover.
Unfortunately, Bitcoin has failed to continue its breakthrough. If the price cannot return to 11.4, it will drop to around 10.2, or even lower. The 50EMA will be the last support line for the bull market, but I believe it will hold. The bull market is not over yet, but it is expected that funds will flow back into Bitcoin, and Bitcoin's market cap ratio will increase; the altcoin season is far from here.
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Bullish
Bitcoin's basic correction is complete, enter at lows, target 130,000 to 140,000.
Bitcoin has one last wave of rising market: If it finds support at 11.2, it will rise to around 14; otherwise, it will drop to 10.2 before starting to rise. 13~14 will be a very good selling point.
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Unfortunately, Bitcoin has fallen below the support line, and if it cannot return to 11.6, it will turn bearish.
The price of Bitcoin showed weakness after surging to 12.4, retracing to 11.8. The outlook remains bullish, continuing to set new highs at 13.2, so don't exit easily.
The rise of Bitcoin has not ended and will continue to reach new highs. However, the market is expected to be very unstable, and traders should avoid excessive leverage.
Bitcoin remains bullish as long as it is above the support line, rising to around 150,000. However, if it falls below the support line (105,000), it will drop to 9.5~9.0.
Many analysts believe that Bitcoin will experience a C-wave decline, but I do not think so. Currently, Bitcoin has broken through the 8.6 resistance line and is above the 21-week moving average, which is technically very bullish.
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Stop shorting! Bitcoin has broken through the 9.2~9.3 resistance line, there may be a pullback in the short term, but still remains bullish and continues to set new highs.
Bitcoin has risen as expected, the 9.2~9.3 resistance line is a watershed, if it breaks through, it will rise above 100k, if it does not break through, it will fall back below 7.0. Let's wait and see.
假装是交易员
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Bullish
Bitcoin continues to look bullish, expected to rise to around 9.3. $BTC