Rise and fall actually only exist in your and my hearts; today we continue to analyze 'BTC will fall in the next 60 days!'
Recently, on May 13, I posted a brief analysis, which roughly believes that, from my perspective, it 'seems' to be on a downward trend, and I think the overall trend this year is down. This has attracted a lot of attention and comments, with most of the comments scolding me, while those who like it generally do not comment. This has led to some reflection on my part:
1. What everyone sees and what I write may not be the same thing. 2. Everyone is actually competing with themselves.
Rise and fall itself is a relative concept; comments on rise and fall without time are meaningless, and only with the addition of time can it become concrete. 1. BTC can rise today, but it can also decline this year; these two things can coexist.
The decline of BTC seems to really be starting, let's watch for 2 months, dropping to early July. Then a rebound and another decline, this whole year should be a downward trend.
Yesterday I thought BTC was going to drop directly, but it seems the rebound may not be over yet. The second half of April may primarily focus on the rebound, and a stronger drop is likely to be delayed until May.
When KOLs start getting busy with new social media, it proves that the market has certainly reached a certain stage and needs to take a break. The decline in trading volume has led to continued anxiety from all parties, as the incremental market of the bull market gradually shifts to the stock market of the bear market.
BTC has fallen below 80,000u, and it should next break 60,000u.
BTC did not break through 88464 as expected last time, and today it has lingered at this position again. Let's see if it can effectively break through. The old viewpoint remains: if it breaks and holds, we can continue to look upwards.
The overall rebound is very weak, and without breaking 88000, we should not be too optimistic to avoid being deeply trapped. The pessimistic scenario below is also a possibility:
BTC has tried to move upwards for several times but to no avail. It has been just pin-pumping. If the upward pin-pumping does not work this week, 80,000 will become the first target. There are still 5 days left to close the weekly line.
BTC entered a period of volatility again over the weekend. If it can complete the volatility above 96731 over the weekend, it is expected to launch an upward impact next week.
Is the long-awaited 5th wave of BTC here? Stand firm at 96731 and see if it can break through and stabilize at 100424 to continue rising and reach new highs, it's up to you in the next 2 weeks. Before extinction, there must be madness.
The direction of BTC should come out quickly, if it can't go above 96731, it will go down. The dog farm still wants to play a bit, and can only follow. I have no good solutions, do you have any?