The big pancake $BTC is about to face a major correction

The upward momentum has shown signs of exhaustion

After more than 20 days of rising, the direct increase to 23000 points without any correction has been quite exaggerated. However, there are now signs of upward momentum exhaustion, which means that this round of increase is basically coming to an end.

Next, a major correction is expected, with the first correction seeing around 10000 points. This means that from the current position, around 98000 to 88000, it will not be a straight drop; there will be selling and fluctuations around the corresponding support levels before it goes down.

Regardless of how it goes, it is basically within the prediction range of my post. I mentioned in my post yesterday that there would be a surge when the non-farm payrolls were announced, and indeed it rose yesterday. I also said that after the non-farm payroll data is released, it would be a time for correction, and it is currently following my prediction and has already started to correct!

So how do we look at the future? First, there is a very important date here, which is the interest rate meeting on May 8. I cannot determine this; it belongs to the news aspect, and predictions have little effect. If there is bad news, a significant drop will be unavoidable. If a signal for rate cuts is released, the market will undergo drastic changes. However, regardless of how it changes, a correction down to around 10000 points is inevitable.

Now the operation is very simple. If the big pancake stands above 97700 again, it will provide another opportunity for us to short. If it can drop to around 95000 today and then stop falling, it will present an opportunity for long positions. In simple terms, the chance for high short and low long positions has arrived. #加密市场反弹 #比特币战略储备 #数字资产法案 #山寨币ETF展望