If $BTC continues to break down below 112k, it will form a 【MACD weekly double top divergence】, should we run?

What does this mean? I have marked the divergence from the last bull peak in the image, where prices are getting higher while the MACD crossover point is declining, and the subsequent bear market is self-evident.

However, this wave of decline has been so smooth that it hasn't even had time to pull back for testing; it is unlikely to go straight into a bear market. Moreover, from a macro perspective, interest rate cuts and monetary easing haven't arrived yet, so a pullback would be an opportunity to get on board.

From a technical perspective, if #Bitcoin can recover the 117k position, it is highly likely to pull back and test the 120k level (which coincides with 0.618). At that time, Ethereum and major altcoins will seize the opportunity to make a surge.

If after testing 120k it still goes down, we will wait for the implementation of #interest rate cuts and the return of risk-averse funds to complete the adjustment before continuing to strengthen. If it does not recover in the next two days, there will be no play; we wait for it to drop to 112k and see how it goes.

For $ETH, according to the wave pattern, it does seem that the 5th wave is nearly complete. There is a gap at $4086 in the futures market, coupled with $1 billion in liquidity, so a short-term drop is very cost-effective.

As long as it does not fall below $4000, #Ethereum still has room to play, after all, there is still a massive amount of liquidity stacked above $4800.