Last time I posted that if BTC can fall below 65078, it will form a 4-hour bottom divergence. Yesterday it fell to a minimum of 64060, breaking the 120-day moving average of 65689. Now it seems that a 6-hour bottom divergence has been formed. But it is still not going to fall.

Haha, BTC just fell to the 120-day moving average again, which is known as the position of the bull-bear boundary year, and it fell a little bit below it. I think it is more and more in line with the classic judgment.

Rebound is not the bottom, it is the bottom without rebound.

Do you remember the market forecast of BTC by Xiaohei that I sent some time ago? He believes that from May to August, BTC will be sideways between 60,000 and 70,000, which is the time to build a position.
Anyway, the current trend of BTC is proceeding according to his prediction.

Then what should I do? Anyway, after falling to the 120-day moving average on May 1, I am determined not to be bearish on the big cycle of BTC.
Although it seems to be in a downward stage in the short term, BTC has a top divergence at the daily level, and it will take at least half a month to adjust.
But there is a point, which is 65078 a few days ago. If it can go up quickly after falling, it will form a bottom divergence at the 4-hour level, which should be regarded as the bottom. But can it fall to it?

I still stick to my previous judgment that this round of short-term decline is deleveraging.

The same is true for the altcoin market.

If we talk about which one has potential, of course it is Memecoin, and NOT is the first choice

Last but not least, contracts are risky, so be cautious when investing

$BTC $NOT