Bitcoin will fall to the target of 52,000, and then hit 100k+🚀

-After the PCE data came out last night, Bitcoin went up as expected and fell below 67,000. I said in the group that the main liquidation point is around 66,400, and the lowest is 66,600. It has not been completely penetrated, which has laid the groundwork for further declines.

-From a small level, the 8-hour moving average has a dead cross, and it is normal to rebound after the dead cross. The short-term upper short-term liquidation point is around 68,200, so it is very likely to fall again during the day today.

-If 67,000 cannot be stabilized, it will be a typical M-top similar to the market on April 10, when the top was established and fell from 72k to 56k.

-It is worth noting that the market from March to June is basically a range oscillation. As shown in the figure, this range is expanding (oscillating between the two red lines). The lower edge of the range is currently at 52k.