Today’s casual chat

Bitcoin has closed with a bearish candlestick today, marking its 9th consecutive bearish close. As the saying goes, extremes meet, and in Bitcoin's history, there has only been one instance of exceeding 9 consecutive bearish closes, which was back in June 2022, a total of 10 consecutive bearish closes!

After today’s bearish close, it can basically be confirmed that this is the first wave of a decline in a major cycle transition. Although the major uptrend has ended, extremes meet; after a prolonged decline, there will definitely be a rebound phase. However, for short-term trading (91300/89500), one must be well-prepared for a rebound, and set stop-loss levels around (88950/88600). The profit potential won't be too large, only around 95600/98500/102000. Therefore, those who lack strong technical skills and cannot strictly execute should just wait, and we can discuss it again after it has completely moved out! #加密市场回调 $BTC $ETH