Bitcoin Top Confirmed: Bitcoin Enters Macro Retracement Phase $BTC
$BTC has broken key bullish support and is trading below it, confirming a bearish market phase.
Head & Shoulders The Head & Shoulders pattern is fully completed. As per classical rules, the 162% downside target has already been hit, signaling a cycle top and trend reversal.
As the scale of Bitcoin increases, the extent of each bull market's rise gradually diminishes, the slope of the rise also decreases, and the speed of the rise slows down. In the future, it may be difficult to see the kind of sustained rapid surges in Bitcoin.
The extent of each bull market's pullback is also decreasing; people are increasingly cherishing the Bitcoin they hold. It is expected that the pullback in this bear market will definitely be lower than the pullback in the previous bear market.
Additionally, with the entry of institutional players, future fluctuations and adjustments will undoubtedly become more frequent, consuming your patience, confusing your direction, and forcing you to make mistakes.
In the crypto space, the most friendly investment strategy for the vast majority of retail investors is to buy Bitcoin at a relatively low position and hold it until the end of the bull market. This is a hundred percent way to make money and will definitely outperform 90% of people. Of course, there are other ways to make money, but they are just not suitable for most people.
In the crypto space, everyone has an equal opportunity to make money; it's just that you couldn't resist temptation, didn't have a firm belief, lacked sufficient research, didn't think deeply enough, and didn't have a clear understanding of the crypto space, that's all! #btc $BTC
Binance Coin has broken out of the descending channel pattern on the 4H timeframe If $BNB holds above the channel structure, it could surge towards $920 in the coming days🚀#WriteToEarnUpgrade