The current trend is still only a bear market rebound with the cycle stretched out📈
1. This round of 60,000 BTC is roughly equivalent to 30,000 in 2022 and 6,000 in 2018; in both cases, after the market halved, there were multiple rebounds up to the 0.382 level of the entire decline, placing it in the middle-to-late stage of a bear market;
2. There is a possibility that BTC will break through 83,000 to lure the last round of longs and top out. If you’re short, you should cut your loss too—don’t delay🤒
3. Many people think the main reason the market is “returning to a bull” is because they see a breakout on the weekly chart. Actually, it’s only an illusion caused by the cycle being stretched🤔
$BTC #美获委内瑞拉石油田控制权
1. This round of 60,000 BTC is roughly equivalent to 30,000 in 2022 and 6,000 in 2018; in both cases, after the market halved, there were multiple rebounds up to the 0.382 level of the entire decline, placing it in the middle-to-late stage of a bear market;
2. There is a possibility that BTC will break through 83,000 to lure the last round of longs and top out. If you’re short, you should cut your loss too—don’t delay🤒
3. Many people think the main reason the market is “returning to a bull” is because they see a breakout on the weekly chart. Actually, it’s only an illusion caused by the cycle being stretched🤔
$BTC #美获委内瑞拉石油田控制权
