Is Bitcoin going to decline and adjust as expected? Very likely!
Yesterday I posted a short commentary: "
Is the new week for BTC going to start a downward adjustment trend?
In the next day or two, I personally predict that Bitcoin is likely to choose a short-term direction: downward adjustment, with an initial target price around 102,000, and the second target price around 98,000. "
This morning at eight o'clock, I observed a small bearish candlestick on the daily chart, with average trading volume and relatively weak bearish momentum. Therefore, I personally predict that Bitcoin's decline will be sluggish and not smooth, and the bulls will attempt to fight back. In summary: a volatile downward trend, and I estimate it will ultimately only drop to the first target price around 102,000. Let's wait and see.
