The possibility of BTC continuing to pull back, let the data speak
#BTC下跌分析
From the weekly chart, in the bull market cycle, before the arrival of the crazy bull, if the key support point breaks down and falls, 👉 within three weeks, it cannot return to the support point and stand firm, then the probability of the entire coin price correction of 40% from the breakthrough high point is quite high.
If 59,000 is regarded as the base point (the key psychological support price for retail investors may be 60,000, and the institution may set it at around 59,500), the correction from the historical high of 73,777 is 21%. On this basis, if it continues to fall by 24%, the coin price should stabilize at around 44,000, and then start to rise.
So, May is a critical month, but the Federal Reserve has decided to keep interest rates unchanged. So, is the market really going down?
#BTC下跌分析
From the weekly chart, in the bull market cycle, before the arrival of the crazy bull, if the key support point breaks down and falls, 👉 within three weeks, it cannot return to the support point and stand firm, then the probability of the entire coin price correction of 40% from the breakthrough high point is quite high.
If 59,000 is regarded as the base point (the key psychological support price for retail investors may be 60,000, and the institution may set it at around 59,500), the correction from the historical high of 73,777 is 21%. On this basis, if it continues to fall by 24%, the coin price should stabilize at around 44,000, and then start to rise.
So, May is a critical month, but the Federal Reserve has decided to keep interest rates unchanged. So, is the market really going down?