Notice
The value is still rising.
Recently, the morning analysis has been emphasizing the bearish divergence on the daily chart. I even specifically found historical K-lines to show everyone.
I stayed up late yesterday to monitor the market. I have removed my take profit orders. I know a big crash is coming. Because the counterfeit pattern was ready to dive in the morning.
I was numb yesterday.
Of course, I didn't let the community remove the take profit orders. I am aggressive. The community should still be conservative.
Currently, I am in cash waiting for opportunities.
Let me briefly talk about the market situation.
Currently, Bitcoin has retraced to the 2-day MA20, which has broken below. But it hasn’t closed below. It cannot be considered a breakdown.
Ethereum has broken below the weekly MA120.
The US stock market had a daily top closing with a hammer pattern. It hasn’t finished adjusting yet.
Looking at it comprehensively, Bitcoin still follows the US stock market.
In summary, Bitcoin and Ethereum are following the US stock market's downward trend. Currently, the US stock market's adjustment hasn't ended. Therefore, Bitcoin and Ethereum should also not have finished adjusting. I still maintain a bearish outlook.
