tichsan

$BTC
Where are we in this cycle?
Bitcoin has just formed a -20% Monthly candle—the candle with the deepest decline from the 126.000 peak.
Bitcoin is an asset with extremely high cyclicality. In this phase, Bitcoin is in the price range around 32k compared to the previous cycle.

Sell pressure is still Very strong and could last for the next 1–2 months. The main trend is still downward.

The best short entry is at 65.000.

With a monthly candle closing this strongly, long positions can only be scalp/short-term—there’s no room to hold for a swing.

Everyone, remember to save/hold your capital so you can buy Bitcoin at a lower price.

Right now there are quite a few people following a Trend of accumulating Bitcoin—buying Bitcoin daily and hourly. That will suit those who have stable cash flow and can maintain it for many months. But for most of you in the market who are basically wage earners, you’ll need to be more precise with your entry.

July and August are expected to be very hard for the entire market. You can choose to look for a short entry or stand aside and hold cash waiting to catch the bottom.
#tichsan
#gomhang
$ETH
$SOL