At the moment, I have different expectations for the bottom of Bitcoin and BNB.
Bitcoin.
The bottom range should be a 65%~70% drop from the highest point, meaning the bottom price should be between 44100~37800.
The broader market index moves slowly, and when it drops into the bottom area, it will tend to trade sideways for a very long time—such as a sideways consolidation for 4~6 months.
BNB.
#BTC走势分析 The bottom range should be a 60%~65% drop from the highest point, meaning the bottom price should be between 550 and 480.
Binance has quarterly buybacks and burns, and the platform continues to generate profits; ultimately, the historical drawdown should be less than Bitcoin’s, making it more resilient during the latter half of the bull market.
Level 1: Bitcoin’s continuous weekly drawdown of 3%~5%. Level 2: Bitcoin’s continuous weekly drawdown of 6%~9%. Level 3: Bitcoin’s continuous weekly drawdown of 10%~20%.
Bitcoin.
The bottom range should be a 65%~70% drop from the highest point, meaning the bottom price should be between 44100~37800.
The broader market index moves slowly, and when it drops into the bottom area, it will tend to trade sideways for a very long time—such as a sideways consolidation for 4~6 months.
BNB.
#BTC走势分析 The bottom range should be a 60%~65% drop from the highest point, meaning the bottom price should be between 550 and 480.
Binance has quarterly buybacks and burns, and the platform continues to generate profits; ultimately, the historical drawdown should be less than Bitcoin’s, making it more resilient during the latter half of the bull market.
Level 1: Bitcoin’s continuous weekly drawdown of 3%~5%. Level 2: Bitcoin’s continuous weekly drawdown of 6%~9%. Level 3: Bitcoin’s continuous weekly drawdown of 10%~20%.
