BTC has shown signs of a short-term peak, after which it has directly fallen. Of course, apart from the deterioration of the market structure, the main reason is still the negative impact of news related to tariffs that has caused the market to plummet. Even without this news, it would still have fallen; the news has merely accelerated the pace of the decline. Don't be fooled by the few days of consolidation, which might seem strong; in reality, it's just a strong bow nearing its end.
After the indicators adjusted at a smaller scale, the price did not rise but instead continued to weaken, and even the original upward golden cross trend at a larger scale has slowly been digested away. The longer the high-level oscillation lasts, the more unfavorable it is for subsequent rises. I also missed this wave; I initially predicted that it would make another push for a higher point or a second high before falling, so I placed a short order at 98,000. As a result, there was simply no opportunity, and it was directly driven down by the news.
Currently, there are no signs of a stop in the decline; this round of upward trend is considered temporarily ended. Next, we need to closely watch the support level of 90,000. If the smaller scale breaks below 92,000, the next step is likely to head towards 90,000 or even lower. So right now, don't rush to bottom-fish and go long; the cost performance at this position is too low. It would not be too late to enter the market after it drops to a low point and shows signs of stabilization.
After the indicators adjusted at a smaller scale, the price did not rise but instead continued to weaken, and even the original upward golden cross trend at a larger scale has slowly been digested away. The longer the high-level oscillation lasts, the more unfavorable it is for subsequent rises. I also missed this wave; I initially predicted that it would make another push for a higher point or a second high before falling, so I placed a short order at 98,000. As a result, there was simply no opportunity, and it was directly driven down by the news.
Currently, there are no signs of a stop in the decline; this round of upward trend is considered temporarily ended. Next, we need to closely watch the support level of 90,000. If the smaller scale breaks below 92,000, the next step is likely to head towards 90,000 or even lower. So right now, don't rush to bottom-fish and go long; the cost performance at this position is too low. It would not be too late to enter the market after it drops to a low point and shows signs of stabilization.