The Calm Before the Storm: Bitcoin May Face a Key Turning Point Today!
Yesterday, we set the main tone for shorting Bitcoin and Ethereum on the highs. Bitcoin executed smoothly, and although Ethereum did not reach the target, it does not affect the overall situation. Today, in the short term, both cryptocurrencies are fluctuating closely, not breaking out of the major direction — this is often the calm before the storm, and the turning point may be today.
Why do we see it this way? The core lies in Bitcoin's daily MACD. The current golden cross is already “hanging by a thread,” struggling to move forward. Yesterday ended with a bullish candle, but the MACD golden cross did not effectively open up, instead becoming even tighter. If this state continues, the probability of forming a “secondary dead cross” below the zero axis on the daily level is extremely high — this time the “wolf” may truly have arrived.
So the thought process is very simple: a direction must emerge today. Either the daily chart produces a large bullish candle, forcibly opening the MACD tightness, allowing the market to maintain its strength and challenge MA30 or even higher targets.
Or, it will maintain the status quo or close lower, leading to the official formation of the MACD dead cross below the zero axis, which may trigger a significant downward movement. The market has reached a crossroads, waiting for today's choice.
The market has just experienced a bloodbath, and the sharp decline is a great opportunity to select strong coins and set up for bottom fishing. I have prepared the core coins and key levels for the “recovery plan,” and I will announce them later in 👉币安聊天室👈. If you miss this wave, you will regret it immensely!!
