Stop your nonsense

Today is Monday. After a few days of holiday, I feel relaxed. With new energy to observe the market this week, let’s start with a summary and my views on the future of the market:
Looking at Bitcoin, I previously mentioned an ultimate target of 96,166 USD, a key point calculated in February. The direction now seems correct; after the last push by Americans on May 2, the bulls began to retreat, and the bears started to take control. The recent days of sell-offs cannot stop at all, and the 4-hour candlestick chart has clearly shown a downward trend. It’s most realistic to speak by looking at the charts. Where it will retrace to, and how it will move after the retracement, we will discuss later because it will become clearer after the drop.