After taking a look around, I found that no one has analyzed Bitcoin futures, so let's check the chart below:
Bitcoin has a gap near the 93450-91700 range. According to gap theory, this position is likely to be filled, but it's hard to predict the timing.
I mentioned in a previous post that Bitcoin has given a short signal at the 4-hour level for the first time, so everyone should pay attention. Sure enough, last night due to the fallout between Musk and Trump, the price dropped by more than 4000 points, which was indeed a bit unexpected. Initially, I thought that the decline in Bitcoin would be caused by a drop in the U.S. stock market, but today the U.S. stock market closed higher again. One can only say that the U.S. stock market is too strong, constantly pushing shorts and not allowing you to go short. Then perhaps one day it will start to collapse?
Old man Buffett directly stated that at this stage he is out of the game, holding cash, which brings him happiness, waiting for an opportunity with bloody chips. I am also waiting for the opportunity at S&P 4400, not sure if I can wait for it before the end of this year.
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