Bitcoin is now showing a slightly high-volume downtrend!
If it breaks below 82,800 with increased volume again, then that 80,000 will be broken sooner or later.
After this round of rally, many people are already shouting “100,000.” I said this before too: the more people shout “100,000,” the less likely it is to reach it. The current market is a “monkey market”!
For spot holdings, you should take profit in batches and see where the market goes next—whether it will first blow up the long positions, or whether people are chasing long with leverage.
Now the U.S. dollar index has broken above 100, and Brent crude has been staying above $100. In the bigger picture, macro pressure has a greater impact than BTC’s own fundamentals.
78,000 is the position that must be held no matter what in this rally; otherwise, we’ll see 60,000 first.
If it breaks below 82,800 with increased volume again, then that 80,000 will be broken sooner or later.
After this round of rally, many people are already shouting “100,000.” I said this before too: the more people shout “100,000,” the less likely it is to reach it. The current market is a “monkey market”!
For spot holdings, you should take profit in batches and see where the market goes next—whether it will first blow up the long positions, or whether people are chasing long with leverage.
Now the U.S. dollar index has broken above 100, and Brent crude has been staying above $100. In the bigger picture, macro pressure has a greater impact than BTC’s own fundamentals.
78,000 is the position that must be held no matter what in this rally; otherwise, we’ll see 60,000 first.