I can only tell the bulls that this wave of bearishness has only just begun! The decline is far from over!
Right now, the only thing that could support a market rebound is geopolitics in the Middle East. The U.S.–Iran situation is already clear: the market has basically accepted that a war won’t break out, and there’s no way this can bring about a major change. Secondly,
Ah Te has already lost, and their power is now severely limited. Whatever they do will be constrained—they’re a puppet! Their opponents are hawks, mostly hardliners, so Europe will only let the Russia–Ukraine situation get worse and worse!
I don’t see much good news in the short term. Unless another crypto bill gets passed, Bitcoin will have a hard time recovering this year!
Given the daily chart pattern and how the situation is developing, I personally think there’s a high chance we’ll see a repeat of last year’s weekly downtrend! The ultimate target for this wave is around 46,888! Ethereum could fall to around 700!
Looking ahead, I don’t see much in the way of a catalyst either. Just look at market movements this year and you’ll see: where is the liquidity coming from? Bad news that should send prices tumbling doesn’t, and great news that should send them soaring doesn’t. Who would want to trade in this market? Only retail investors and a bunch of true believers! The real financial institutions have long been passing assets back and forth between their own accounts. Don’t expect MicroStrategy, BlackRock, or some mysterious whale to bail you out. When a real crash comes, nobody will be able to hold the line!
While the market is being controlled, sell quickly if the price is above 73,000!
The above is only my personal understanding and assessment of the market. Please exercise caution if using it as a reference for investment!
$BTC $ETH #CPI高于预期，美股与BTC再度承压 #黄仁勋因婚外情致歉，英伟达启动独立调查
Right now, the only thing that could support a market rebound is geopolitics in the Middle East. The U.S.–Iran situation is already clear: the market has basically accepted that a war won’t break out, and there’s no way this can bring about a major change. Secondly,
Ah Te has already lost, and their power is now severely limited. Whatever they do will be constrained—they’re a puppet! Their opponents are hawks, mostly hardliners, so Europe will only let the Russia–Ukraine situation get worse and worse!
I don’t see much good news in the short term. Unless another crypto bill gets passed, Bitcoin will have a hard time recovering this year!
Given the daily chart pattern and how the situation is developing, I personally think there’s a high chance we’ll see a repeat of last year’s weekly downtrend! The ultimate target for this wave is around 46,888! Ethereum could fall to around 700!
Looking ahead, I don’t see much in the way of a catalyst either. Just look at market movements this year and you’ll see: where is the liquidity coming from? Bad news that should send prices tumbling doesn’t, and great news that should send them soaring doesn’t. Who would want to trade in this market? Only retail investors and a bunch of true believers! The real financial institutions have long been passing assets back and forth between their own accounts. Don’t expect MicroStrategy, BlackRock, or some mysterious whale to bail you out. When a real crash comes, nobody will be able to hold the line!
While the market is being controlled, sell quickly if the price is above 73,000!
The above is only my personal understanding and assessment of the market. Please exercise caution if using it as a reference for investment!
$BTC $ETH #CPI高于预期，美股与BTC再度承压 #黄仁勋因婚外情致歉，英伟达启动独立调查
