Risk warning for Bitcoin: 📉 trend may be coming
Through the analysis of the Fibonacci retracement series, the price of Bitcoin is drawn from the lowest point of 76.k to the highest point of 110k, and its trend pattern is gradually clear.
In the past market, Bitcoin has completed four retracements to the resistance level, as follows:
The first retracement was to 0.768, when Bitcoin was around 102.5K, and then the 📉 mode was turned on;
The second retracement was to 0.618, which was around 97k, and then 📉 appeared;
The third retracement was to 0.5 at around 93k, and 📉 was not avoided afterwards;
The fourth retracement occurred around 89.1K, corresponding to the 0.382 position, and 📉 was also ushered in.
At present, Bitcoin has completed the fifth retracement, and this time it is at 0.236! According to the past trend pattern, we are very likely to usher in the fifth wave of Bitcoin 📉.
Once the decline begins, the key is whether it can stop falling and stabilize in the resistance range of 76.5k-78.5k. If the decline can be stopped here, there may be a rebound in the future; but if it cannot be supported here, the next resistance level to pay attention to will come to the price range of 73.5k-75.5k, and the situation may be more serious at that time. #加密市场反弹 $BTC
Through the analysis of the Fibonacci retracement series, the price of Bitcoin is drawn from the lowest point of 76.k to the highest point of 110k, and its trend pattern is gradually clear.
In the past market, Bitcoin has completed four retracements to the resistance level, as follows:
The first retracement was to 0.768, when Bitcoin was around 102.5K, and then the 📉 mode was turned on;
The second retracement was to 0.618, which was around 97k, and then 📉 appeared;
The third retracement was to 0.5 at around 93k, and 📉 was not avoided afterwards;
The fourth retracement occurred around 89.1K, corresponding to the 0.382 position, and 📉 was also ushered in.
At present, Bitcoin has completed the fifth retracement, and this time it is at 0.236! According to the past trend pattern, we are very likely to usher in the fifth wave of Bitcoin 📉.
Once the decline begins, the key is whether it can stop falling and stabilize in the resistance range of 76.5k-78.5k. If the decline can be stopped here, there may be a rebound in the future; but if it cannot be supported here, the next resistance level to pay attention to will come to the price range of 73.5k-75.5k, and the situation may be more serious at that time. #加密市场反弹 $BTC
