Don't be smug,
The bottom of the BTC long cycle hasn't hit yet.
I've already warned that it's a bear market; those who were reluctant to accept it are probably crying with nowhere to go now.
This wave of sharp decline will definitely continue to oscillate downward; it won't stop until it wipes out the big players on Wall Street, the whales, and the institutions.
Recently, MicroStrategy has been frantically seeking remedies; I've heard that if BTC drops below 60,000, MicroStrategy will face liquidation, with nearly 30 billion in assets being wiped out. Do you think that's possible?
Recently, various data hasn't been too good, the trade war with the U.S. continues, and the CPI index won't drop. As long as the U.S. stock market isn't on the brink of life and death, the Federal Reserve won't lower interest rates in March, and there's more suffering ahead for everyone. If you think this is the end, it's actually just the middle of the decline.
Trump also admits that the U.S. economy is in recession and accepts the current detox reality; the U.S. stock market won't rise without some chaos. Plus, everyone should check the U.S. monthly MACD; the high-level death cross indicates that the correction hasn't ended.
Let's brace for the coming storm. But many people are no longer afraid; they were already trapped at high levels, and like a dead pig, they aren’t scared of boiling water. Isn't that you?
Currently, from a technical perspective, BTC is experiencing a volume decline, MACD has crossed to the downside, and there is a continued downward trend. The long cycle has broken the bull-bear boundary, and we've entered a bear market. The trend is downward; I've been reminding everyone to just focus on short-term trades, take profits at highs, and don't get too ambitious. Currently, support is around 73,000-70,000, with resistance around 82,000-85,000.
On the hourly level, the MACD shows a golden cross, indicating a stopping decline pattern, but the rebound volume is relatively small and won't be too high. It's still advisable to mainly observe; if you must trade, go long at 77,000 with a stop loss at 76,000 and a take profit around 81,000.
On the weekly level, the structure has already been damaged, with support around 73,000.
To be honest, your wish is that the U.S. economy won't experience a systemic collapse; otherwise, to put it bluntly, BTC might show you a weekly death at around 55,000.
Oh my, is there still any law? Was Trump's presidency a blessing or a disaster? A few days ago, I reminded you that the last national reserve plan was a chance for Trump to let his cabinet escape; when it rises, you should reduce or liquidate your positions.
Thinking back now, it really is a dog show. Trump wants to play us to death.
Why, back then, did that bullet hit the ear? Instead of hitting the head? You fool. $BTC