Bitcoin Long-Term Next Week! Continuation of Decline! Looking at 110,000!

From the weekly level, Bitcoin may be in the fifth wave of the extended wave stage, which is the final rally stage, and the increase is far lower than before, indicating that demand is insufficient.

At the monthly level, it is near the upward resistance line and the upper track. If there is a large bearish engulfing after two consecutive weekly bullish candles, or a sudden rally breaking through previous highs after a sideways movement only to pull back, it may be a confirmation signal for bears, according to Xiao Shiyilang.

Moreover, the "Great Beautiful Act" promoted by A Te will raise the US debt ceiling, forcing the Treasury to issue a large amount of bonds, which will drain approximately $486 billion in market liquidity, equivalent to about 15% of the total market value of the global cryptocurrency market. The contraction of liquidity will have a negative impact on Bitcoin prices.

In summary, Bitcoin may pull back to 110,000! #加密项目 #美国加征关税 #加密市场回调 #美国初请失业金人数 #白宫数字资产报告 $ETH $BTC