The bull market has reached its end
Don't ask,
There should still be one last surge.
In this round of the bull market, all the veteran investors and diamond hands have already cried themselves to sleep in the restroom.
The E-Guardians, who bought ETH three years ago, are still at this price now. They haven't made any profit, just a lonely wait.
However, compared to others, such as EOS, FIL, DOT, ICP, and so on, these deadly old coins are already much better. Although you aren't making money, at least you aren't losing money, right?
In recent days, it's still very confusing and hesitant. I'm not afraid of BTC rising, I'm just afraid of BTC continuing to rise. Many retail investors, like me, have been stubbornly shorting lately. At this BTC price, you ask me to chase the long position, I really don't dare.
And in this world, rises and falls are all controlled by the big players, with operations completely lacking logic; wherever the profit is high, that side gets liquidated. From what we can see, this wave of shorts has almost been completely harvested. Continuing to rise significantly now has little meaning; I still suggest focusing on shorting during rebounds.
On the other side of the world, the signing of the Great Beautiful Act in the US has once again saved America from decline. Such is the fate of the nation; heaven shows mercy. Every time it veers left, there are always historical figures who appear to save American democracy, freedom, and prosperity. Trump should be remembered and revered by the American people in future generations.
As for Musk, in a love-hate relationship, establishing the American Party, whether right or wrong, I will not comment. However, purely from a perspective of division, Musk's actions in this wave will be criticized by future generations. He excels in technology but is utterly useless in politics.
The Great Beautiful Act is positive for businesses; when the US stock market opens on Monday, there is a possibility of continuing to rise.
Currently, from the daily chart perspective, BTC is under the pressure of an upward trend line, with a MACD death cross indicating the possibility of further pullbacks. It is recommended to primarily short during rebounds. From the pattern, it will likely enter a wide-ranging oscillation market again. The upper pressure is around 109,000.
On the four-hour level, the MACD golden cross shows short-term and rebound demand. It is suggested to short around 108,800, with a stop loss near 110,000 and a take profit around 104,500.
On the weekly level, there is high-level oscillation, with K-line ten stars, indicating a standoff between bulls and bears. The MACD death cross points downward, and all cycles have a demand for pullbacks; recently, the focus has been on shorting during rebounds.
Spot traders should continue to wait patiently. The upper pressure is at 110,000, and the lower support is around 92,000.
Trading cryptocurrencies is like life, there is no victory or defeat, only choices. Everyone simply bears the consequences of their choices. $BTC
