#比特币重回8.4万美元
Damn, $BTC Bitcoin just bounced to $84,000, and the bulls are already calling for $90,000 and $100,000! But I actually think this Bitcoin downturn may not be over yet!
Guys, the recent market action has really left a lot of people confused.
A few days ago, BTC fell below $82,500 and the market was gripped by panic. Then it suddenly rallied back to $84,000—a rebound of nearly 4,000 points in just a few days.
Just as many people started thinking the bull market was back, Bitcoin ran into selling pressure again near $84,000!
I’m more inclined to think this is just a relief rally during the decline, and that the real second-wave correction may only just be beginning.
Especially after failing to break through $87,000 earlier, the market has never managed to reclaim a strong structure.
The more people expect $90,000 now, the more wary I am of overhead selling pressure from people looking to break even.
My view is clear: I’m still bearish on BTC in the short term!
First, I’m watching $82,000, then the important support level at $80,000.
We may see a bounce around $80,000, but if that level fails after repeated tests, I’ll be watching $78,000, and even the risk of a drop to $75,000 before the end of the month.
This downturn may not be one huge red candle that sends prices straight to the bottom. More likely, it’ll fall for a while, bounce for a while, and keep wearing down the bulls’ patience.
The most frustrating kind of market in crypto is when prices are trending down overall, but a few big green candles along the way make people think the bull market is starting up again.
I’m not looking for $90,000 just yet. First, I’m preparing for a second bottom. There may be a bounce, but don’t rush to mistake a rebound for a reversal!
$BTC $ETH
#比特币
👇 Click the link below to go straight there!
Damn, $BTC Bitcoin just bounced to $84,000, and the bulls are already calling for $90,000 and $100,000! But I actually think this Bitcoin downturn may not be over yet!
Guys, the recent market action has really left a lot of people confused.
A few days ago, BTC fell below $82,500 and the market was gripped by panic. Then it suddenly rallied back to $84,000—a rebound of nearly 4,000 points in just a few days.
Just as many people started thinking the bull market was back, Bitcoin ran into selling pressure again near $84,000!
I’m more inclined to think this is just a relief rally during the decline, and that the real second-wave correction may only just be beginning.
Especially after failing to break through $87,000 earlier, the market has never managed to reclaim a strong structure.
The more people expect $90,000 now, the more wary I am of overhead selling pressure from people looking to break even.
My view is clear: I’m still bearish on BTC in the short term!
First, I’m watching $82,000, then the important support level at $80,000.
We may see a bounce around $80,000, but if that level fails after repeated tests, I’ll be watching $78,000, and even the risk of a drop to $75,000 before the end of the month.
This downturn may not be one huge red candle that sends prices straight to the bottom. More likely, it’ll fall for a while, bounce for a while, and keep wearing down the bulls’ patience.
The most frustrating kind of market in crypto is when prices are trending down overall, but a few big green candles along the way make people think the bull market is starting up again.
I’m not looking for $90,000 just yet. First, I’m preparing for a second bottom. There may be a bounce, but don’t rush to mistake a rebound for a reversal!
$BTC $ETH
#比特币
👇 Click the link below to go straight there!