A pattern resembling a head and shoulders formation has emerged on the Bitcoin chart, with several bearish signals indicating that the price may drop to the $24,000 range in the coming days.
The price trap of Bitcoin, when most other coins do not increase as much as Bitcoin, will soon lead to a correction towards $25,000. Be cautious with buying positions now.
The FED will launch a temporary relief package to avoid the bankrun phenomenon => The rate of interest rate growth will slow down => 2Y and 10Y bond yields will drop sharply => Cash flow will be pumped into risky assets
For those of you who missed the train, just be patient and wait until January 22nd to June 22nd to buy. If you still have money, you still have a chance, no need to rush to do anything.
#BTC will need time to accumulate if it wants to continue to rise. This is the new scenario that Long is aiming for after the news of the Fed rescuing SVB. The market will need an accumulation period long enough to continue to increase (if all positive stuff). Timing will take about 2-3 weeks for this phase.
#ETH is approaching the 50 fibo zone of the downtrend, the price will likely move sideways here from morning to noon and continue to decrease from afternoon to night. Amplitude decreased to area 1332, wind gusts level 3, level 4
18k will be the next support area that#BTCis aiming for, the support of MA99 is ineffective when the red candle is too long, when full-body solid red candles continue, we should not bottom-fish here.