Recently, Tianmeng has been reminding everyone on the official account that Bitcoin is going to pull back. Bitcoin started to pull back as expected today, falling below the 94k and 93k levels in succession. As of the time of writing, Bitcoin has rebounded to around 94,700.
Since the rebound to 95 last week, Tianmeng has been very entangled. There are opinions on this position going up and down. At present, Bitcoin's daily K closed negative, forming a "evening star" three-line combination, closing below $94,000, and failed to break through the $96,000 resistance level, verifying last week's prediction of the resistance range. Maybe the arrow hit the highest point the day before yesterday, and a huge tombstone will be created here? The judgment standard for breaking below is still the negation of the demand of 91.7k. As for other standards, various, they are not counted.
In the end, we may still have to look at the specific time of the interest rate cut before the market will start to move.
Now the short-term Trump tariffs and the quarrel with Bao Shifu are basically over, but in essence the thunder has only been delayed and not removed. However, there is little Bitcoin in the exchange now. If we only push Bitcoin to a new high and then rotate the sectors, the current funds are actually enough.
At present, Trump’s own policies, the U.S. debt crisis, funding expectations, and expectations for de-stagflation have not been met. If this really happens, it would be a fake bull market that returns to new highs and is likely to deceive liquidity.
But if the aforementioned problems are solved first or as the countless people are pulled away to a certain extent, it may even grow like a bulldozer like gold.
It is worth noting that BTC is at the critical point of the 120-day bull-bear line, and a big market is coming!
It can be seen that during the bull-bear line period, such as the mainstream doubling market in April 2019, the spot market in 2020, the spot market in 2022 plummeted by 90%, and the inscription market in early 2023, the 120-day line has become an obvious intersection between long and short. There seem to be many opportunities in the circle, but in fact, it only takes a few weeks. A year's market will be completed in one month. It is coming soon. Pay attention to market fluctuations.
In the past two weeks, the mainstream has skyrocketed and plummeted, M2 has rebounded, and on-chain data has risen, and the market is about to enter the flood season.
The flood season refers to the period from April to June every year, when BTC miners will make a lot of money because electricity is cheap during the flood season, which leads to capital flowing into the market, especially some small POW coins begin to soar, and several "POW myths" are born every year. It can be seen that the red line is the on-chain data of ETH, which has also begun to pick up.
Many people say that the copycat season is completely over. Will the copycat season that everyone has been waiting for still exist?
Tianmeng said don't be anxious. The key to whether the mainstream, especially the copycat, can rise is not the currency but the money. The fundamental reason for the rise and fall of the currency is that the money is worthless. It can be seen that the global M2 is rising rapidly. The last time this happened was in the middle of last year. Thanks to Trump's contribution, countries were forced to open the tap. The hype wave is coming.
I hope everyone will seize the opportunity to pay attention to the recent strong altcoins, which are all good money-making markets.
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If you don’t know how to operate, just follow the orders. Don’t miss this wave of profitable market, because it is too difficult to make money now when we don’t know how long the trade war will last.
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