Bitcoin is also busy on Sunday, with prices steadily falling. Is a crash imminent?
Yesterday, I wrote 'Bitcoin Market Weekly Report: The Fluctuation is Approaching the End, and the Medium-Term Downtrend is About to Begin!' and then wrote 'The Bullish Counterattack of BTC is at its Last Breath, the Weekly Level 4 Wave Rebound is Approaching the End.' I have repeatedly reminded that the medium-term downtrend of BTC may have already begun.
If you often follow my analysis and predictions about Bitcoin's market, you wouldn't be surprised by the current price drop, but instead, like me, you would have already laid out medium-term short positions for BTC/ETH, remaining calm and strategic in times of crisis.
If you carefully read my pinned article 'A Good Opportunity for Grassroots Counterattack? Let’s See Through Bitcoin's Bull and Bear Trends for the Next Year, Seizing Opportunities to Make Big Money,' you will have a clearer understanding of the price trends and market rules for Bitcoin in the coming year.
Regarding the medium-term downtrend of BTC, I clearly tell you: the downtrend has quietly begun. The 'boiling frog' effect is for those still expecting Bitcoin to rebound and the bull market to return, while we have already positioned ourselves and are ready to strike down the bears.
Once Bitcoin's price falls below about 65,500, it will break the lower boundary of the ascending channel shown in the image below and form a weekly descending flag structure. The price is likely to accelerate downward, and breaking six to aim for four may become a reality.
Let us wait and see!
Yesterday, I wrote 'Bitcoin Market Weekly Report: The Fluctuation is Approaching the End, and the Medium-Term Downtrend is About to Begin!' and then wrote 'The Bullish Counterattack of BTC is at its Last Breath, the Weekly Level 4 Wave Rebound is Approaching the End.' I have repeatedly reminded that the medium-term downtrend of BTC may have already begun.
If you often follow my analysis and predictions about Bitcoin's market, you wouldn't be surprised by the current price drop, but instead, like me, you would have already laid out medium-term short positions for BTC/ETH, remaining calm and strategic in times of crisis.
If you carefully read my pinned article 'A Good Opportunity for Grassroots Counterattack? Let’s See Through Bitcoin's Bull and Bear Trends for the Next Year, Seizing Opportunities to Make Big Money,' you will have a clearer understanding of the price trends and market rules for Bitcoin in the coming year.
Regarding the medium-term downtrend of BTC, I clearly tell you: the downtrend has quietly begun. The 'boiling frog' effect is for those still expecting Bitcoin to rebound and the bull market to return, while we have already positioned ourselves and are ready to strike down the bears.
Once Bitcoin's price falls below about 65,500, it will break the lower boundary of the ascending channel shown in the image below and form a weekly descending flag structure. The price is likely to accelerate downward, and breaking six to aim for four may become a reality.
Let us wait and see!