The BTC trend is very standard
The first wave trend dropped to 80,000
Then it oscillated in a range at the daily level for a month
Breaking through the daily level range reached 98,000
Then it quickly turned down to start the second wave trend down
The current market situation is the second wave trend down to 60,000
Then it oscillated at the daily level for a month
Breaking through the daily level range reached 74,000
Then it quickly turned down
Could it be that we are going to start the third wave trend down so soon?
If it really goes like this
Then the bottom could be even lower
Because from the time node, it has only been 5 months since the bear market
To finish 3 waves of trend down so quickly and hit the bottom
The second half of this year will be endless oscillation
This is obviously unreasonable
Personally, I still lean towards the effective support at 60,000 in the short term
It’s more reasonable to oscillate for another month or two before starting the third wave trend down
$BTC
The first wave trend dropped to 80,000
Then it oscillated in a range at the daily level for a month
Breaking through the daily level range reached 98,000
Then it quickly turned down to start the second wave trend down
The current market situation is the second wave trend down to 60,000
Then it oscillated at the daily level for a month
Breaking through the daily level range reached 74,000
Then it quickly turned down
Could it be that we are going to start the third wave trend down so soon?
If it really goes like this
Then the bottom could be even lower
Because from the time node, it has only been 5 months since the bear market
To finish 3 waves of trend down so quickly and hit the bottom
The second half of this year will be endless oscillation
This is obviously unreasonable
Personally, I still lean towards the effective support at 60,000 in the short term
It’s more reasonable to oscillate for another month or two before starting the third wave trend down
$BTC