Bitcoin Top Confirmed: Bitcoin Enters Macro Retracement Phase $BTC
$BTC has broken key bullish support and is trading below it, confirming a bearish market phase.
Head & Shoulders The Head & Shoulders pattern is fully completed. As per classical rules, the 162% downside target has already been hit, signaling a cycle top and trend reversal.
As the scale of Bitcoin increases, the extent of each bull market's rise gradually diminishes, the slope of the rise also decreases, and the speed of the rise slows down. In the future, it may be difficult to see the kind of sustained rapid surges in Bitcoin.
The extent of each bull market's pullback is also decreasing; people are increasingly cherishing the Bitcoin they hold. It is expected that the pullback in this bear market will definitely be lower than the pullback in the previous bear market.
Additionally, with the entry of institutional players, future fluctuations and adjustments will undoubtedly become more frequent, consuming your patience, confusing your direction, and forcing you to make mistakes.
In the crypto space, the most friendly investment strategy for the vast majority of retail investors is to buy Bitcoin at a relatively low position and hold it until the end of the bull market. This is a hundred percent way to make money and will definitely outperform 90% of people. Of course, there are other ways to make money, but they are just not suitable for most people.
In the crypto space, everyone has an equal opportunity to make money; it's just that you couldn't resist temptation, didn't have a firm belief, lacked sufficient research, didn't think deeply enough, and didn't have a clear understanding of the crypto space, that's all! #btc $BTC
Binance Coin has broken out of the descending channel pattern on the 4H timeframe If $BNB holds above the channel structure, it could surge towards $920 in the coming days🚀#WriteToEarnUpgrade
The current price of $AXL indicates a robust bullish trend, nearing a critical resistance level at approximately 0.1600. A confirmed breakout above this level could lead to further upward momentum.
Key trading considerations include potential short setups if a reversal occurs near resistance, with support identified around 0.1403. Traders should remain vigilant for bullish consolidation above 0.1500, which could signal continued upward movement toward 0.1615 and beyond. This note covers the overview only. Detailed levels and setups are in Finora AI. $AXL
Recently, the market continues to fluctuate repeatedly. Just when you feel it is going down, it comes back up; when you feel it is going to rise, it goes back down. It keeps pulling back and forth like this!
This is currently a typical triangular fluctuation area, and the fluctuation range is getting smaller. Next week, with the yen's interest rate hike, it should break out of this range, with the upper limit around 94000 and the lower limit around 88000. This range is worth paying attention to.
Recently, it is still mainly cautious fluctuations, and there has not been a one-sided market! $BTC #WriteToEarnUpgrade