Trump's tariff increase has serious consequences. Yesterday he suddenly said he would increase tariffs to Europe by 50%. This sudden negative news is something that no one could have predicted.
Because of this single piece of bad news, a major market correction has begun, and the current correction has approached 5000 points. Moreover, this is just the first round; the actual correction magnitude is estimated to exceed 10000 points. The significant drop in May had already validated this trend. Just yesterday, I was pondering about whether to let the above short position of 114000 explode before going down, but unexpectedly, it directly plummeted yesterday.
I have been emphasizing an extreme situation, which I mentioned repeatedly last month. If this time Bitcoin is indeed a false bull market, then the magnitude of this drop will exceed many people's imagination, and it may even create new lows. This is why I kept predicting a major drop last month. Last month, I predicted a significant drop in May, but Bitcoin instead reached a new high, and I was severely criticized at that time. After that, I didn't dare to speak up again. However, the possibility I mentioned does exist, and the probability is not small.
Currently, the trend of Bitcoin and Ethereum presents an M-top pattern. If this top starts to correct, the depth may be difficult to estimate. Bitcoin could reach new lows or come close to new lows, and Ethereum might even drop to three digits. This is a view I raised last month. But these are just predictions; there is merely a possibility of this happening. I’m afraid of being criticized again, so it's better to be conservative. Even if there will indeed be a deep correction in the future, it will take time; the time frame is probably about a month or so.
Brothers who often incur losses and have no direction in opening positions, follow me and enter the district. I will release the opening direction every day, helping brothers recover their losses and earn back everything they lost. Making money is as simple as breathing; information is very important, and following the right person is even more crucial.