$BTC BTC DOWNTREND 2025 ! ⛔️ WILL NEVER SEE THE PHRASE “ALTCOIN SEASON” AGAIN !
BTC has been sold off since the beginning of December until now, they have been gradually selling until now, the Bybit hack is the excuse for the market to continue to dump reasonably.
As I previously mentioned, the end of February will determine if it is a downtrend or an uptrend. Currently, the USDT.D weekly chart has broken up similar to June 2024 - extending to September 2024 indicating that BTC has corrected from 73k down to 49k (a decrease of 30%). It is forecasted that BTC will decline sharply until the end of May 2025, at least the deep correction phase of wave 2. If BTC drops sharply, the entire market won't survive.
The ETH and Total charts are looking very bad, ETH last week closed the weekly candle unable to surpass 2,900 USD signaling extremely negative signals, currently there is no news for the market to rise, the two main pieces of news are that the Fed will not lower interest rates and the US BTC reserve is just a pipe dream.
Recently, experts like Kiyoshaki have continuously pointed out that there will no longer be an Altcoin Season as before, only a few coins will be pushed, the term Altcoin Season will no longer exist, the current market has changed, MM has set up the game in a new style.
As for Futures, in the next 3 months if you want to get rich, you should only look for Short opportunities, and Short means shorting from resistance down, not randomly shorting, primarily shorting BTC.
I will offload some assets to preserve capital. I will come back in 3 months !
NOTE: This is my personal view gathered from all data, NOT INVESTMENT ADVICE, please check it yourself and make your own decisions.
BTC has been sold off since the beginning of December until now, they have been gradually selling until now, the Bybit hack is the excuse for the market to continue to dump reasonably.
As I previously mentioned, the end of February will determine if it is a downtrend or an uptrend. Currently, the USDT.D weekly chart has broken up similar to June 2024 - extending to September 2024 indicating that BTC has corrected from 73k down to 49k (a decrease of 30%). It is forecasted that BTC will decline sharply until the end of May 2025, at least the deep correction phase of wave 2. If BTC drops sharply, the entire market won't survive.
The ETH and Total charts are looking very bad, ETH last week closed the weekly candle unable to surpass 2,900 USD signaling extremely negative signals, currently there is no news for the market to rise, the two main pieces of news are that the Fed will not lower interest rates and the US BTC reserve is just a pipe dream.
Recently, experts like Kiyoshaki have continuously pointed out that there will no longer be an Altcoin Season as before, only a few coins will be pushed, the term Altcoin Season will no longer exist, the current market has changed, MM has set up the game in a new style.
As for Futures, in the next 3 months if you want to get rich, you should only look for Short opportunities, and Short means shorting from resistance down, not randomly shorting, primarily shorting BTC.
I will offload some assets to preserve capital. I will come back in 3 months !
NOTE: This is my personal view gathered from all data, NOT INVESTMENT ADVICE, please check it yourself and make your own decisions.
