2025/04/18 Risk Warning, Large Inflow!
Risk Warning
Perhaps a larger drop is about to arrive!
Bitcoin may drop to 72,000 yuan
Ethereum may drop to 1,100 yuan
In the past 10 days
Bitcoin has broken through the descending trend line on the daily chart
And has strongly consolidated above the trend line for the seventh day
Additionally, the US dollar continues to decline
Which is favorable for driving Bitcoin's rise
However, on April 16
The ETH wallet on the exchange
Saw a net inflow of up to 530,000 coins
In the past, whenever there was such an abnormal large inflow
It was accompanied by very significant drops
Here, let’s prepare for the worst
Assuming that this high inflow of ETH
Will drive another significant drop
Where will the prices of Bitcoin and Ethereum go?
According to the weekly chart of ETH, the target based on the M head and neck line
The drop target is set at 1,100 yuan
There is still a 30% room for decline
Additionally, Bitcoin based on the current daily M head and neck line
The equivalent drop target will be set at 72,000 yuan
There is still a 15% room for decline
This also coincides with
The inertia that altcoins drop twice as much as Bitcoin
Currently, although Bitcoin has broken through the descending trend line
And has upward momentum driven by the depreciation of the US dollar
There is also the risk of large whales selling into the exchange
Therefore, please make sure to set stop losses
To prevent the next wave of major corrections!
#Market analysis for reference only #Not investment advice
