At this moment, many people were still stunned, their mouths agape, completely bewildered.
The recent days of violent market drops, with no rebound at all, have left everyone terrified.
Is the bull market over?
To be honest, the weekly and daily charts look decidedly negative.
On the brink of collapse, a single move.
At this point, extreme caution is warranted.
The US stock market has also experienced a correction over the past two days, which is actually normal. For three consecutive months, Trump's calls for action have led to a surge in prices, putting the market in a high-risk zone, and indicators suggest a pullback for recovery.
But don't worry; as long as Trump survives, the US stock market will endure. Those who have tasted grapes won't complain of sour grapes. Every violent market drop is simply a way for market makers to accumulate chips.
Trump hasn't been preoccupied with tariffs lately, but with the Russia-Ukraine ceasefire. No matter how ambiguous Trump and Putin may be, Ukraine will never compromise if he coerces or bribes Zelensky.
How can you possibly make peace with a robber who breaks into your home, beats your son, bullies your wife, and kills your parents?
The pain is excruciating, and it's irreconcilable. If Ukraine compromises and cedes territory and pays reparations, then justice and conscience in this world will be eaten by dogs.
Zelensky will fight to the bitter end and will surely be a hero of the Ukrainian people.
Trump has been in power for four years, whether through soft tactics or showmanship. After four years, the next president may devote all his energy to resisting Russia.
Currently, from the daily chart, BTC has broken below the rising trend line with heavy volume, with consecutive large black candlestick patterns. There is a large amount of capital invested. Currently, 116,000 is a crucial level. The recent short-term uptrend has ended, and the market is expected to fluctuate sideways. Shorting is also possible on rebounds. After yesterday's sharp drop, today should be an oversold rebound. The 112,000 support level is crucial. A break below this level will signal the end of the bull market.
On the 1-hour chart, the MACD formed a golden cross, indicating a high bottom. There is a need for a short-term rebound. Go long on a pullback to 113,200, cover at 112,000, set a stop-loss at 111,000, and target around 115,800. On a weekly basis, the market has broken below the rising trend line, and the MACD has formed a death cross, suggesting the possibility of further volatile corrections. Strong support at 112,000 is crucial. If the market retraces to this level, go long and buy the dip. However, be sure to use a stop-loss. As long as the market doesn't break below, a rebound will likely begin again.
Cryptocurrency trading is like this; it never follows a script. It's still the most basic and simple principle: if it rises too much, it will fall; if it falls too much, it will rise.Buy high and sell low, that's all. $BTC
