This plot really took a big turn; instead of the anticipated rise of Bitcoin, it instead drew a big door, breaking through important support with increased volume. The market is truly hard to decipher. Originally, both Ethereum and altcoins were doing well, but they were dragged down by Bitcoin. Today, Bitcoin really followed the script of a MACD weekly death cross divergence. So, there will be more twists and turns ahead! However, if we think optimistically, could it be that Ethereum and altcoins are starting to siphon off Bitcoin, forcing Bitcoin holders to start choosing to sell Bitcoin to reallocate, resulting in the drop? We will continue to monitor the flow of funds; if this is the logic, then the adjustment shouldn't last too long. Looking forward to a golden pit.

Several experienced KOLs have recently reminded us of a key indicator: the Bitcoin weekly MACD may show a death cross and divergence in the next two weeks, forming a major phase top in the weekly structure, and may even directly peak and enter a bear market. Should we escape the top? Sister Bei believes that the possibility of the MACD forming a death cross does exist, but it is more likely to be a large-scale false short!

The current market is clearly in a downward trend, and it is still uncertain where Bitcoin will drop to. There hasn't been a significant volume spike at 112000, and today's rebound is relatively weak, while Ethereum and mainstream altcoins have shown stronger rebound momentum. I believe that even if there is a continued deep decline in the next two weeks, forming a MACD death cross and divergence, it may actually present a golden opportunity to enter mainstream altcoins. Because creating this situation through smashing Bitcoin can truly trigger panic selling, forcing retail investors to surrender their chips! Sister Bei does not believe that the bull market is over; the bullish viewpoint remains for the following reasons:

1. Bitcoin's market cap accounts for 56, still at a high level, far from the risk zone of 40. Most mainstream altcoins, except for a few strong ones like BNB and OKB platform tokens, have not yet surged, and even when Bitcoin hits new highs, market sentiment is not FOMO at all.

2. The short position accumulation of short-term contracts still exceeds 3 billion USD; this juicy piece of meat will not be easily handed to the bears. Continuing to decline and induce shorts is more favorable for Bitcoin to reach new historical highs. It may also first complete the death cross and then quickly form a golden cross.

3. The time window dimension does not support Bitcoin to experience a three-month deep decline adjustment as it did in the first half of the year. After all, the next three months are typically better months for price increases in the crypto space, which does not conform to historical market patterns. Although consensus can be broken, a significant reversal can only occur with a major negative black swan event, such as the Federal Reserve not lowering interest rates this year.

4. The Federal Reserve's interest rate cut is imminent; it's just a matter of how many times it will cut. Wall Street capital is still buying, and the mid-term spot buying power remains enormous. Positive news from multiple ETF spot applications for XRP, SOL, DOGE, etc., will land in October, and there are expectations for speculation around Ethereum's major upgrade in November.
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