🚨 Could $BTC really fall to $42,000 before the next major recovery?
Jiang Zhuoer, founder of the former top mining pool BTC.TОP, believes the current bear cycle may not end until Q4 2026. He points to Strategy's mNAV ratio, which recently dropped to 0.72 - a level last seen near the 2022 market bottom.
Historically, mNAV has reached its lows about six months before Bitcoin itself formed a cycle bottom.
Despite being a long-term Bitcoin supporter, Zhuoer says he's still holding short positio...
$BTC has clearly formed a Break of Structure (BOS) on the 2H timeframe, confirming bearish momentum. 📉🐻
#BTC Short Setup:
📍 Entry: $59,500 - $60,000
🛑 Stop Loss: $62,300
🎯 Target 1: $57,000
🎯 Target 2: $55,000
{future}(BTCUSDT)
$BTC is back at $60K, and I've got to be honest, this level is doing all the heavy lifting right now.
Every time sellers push it down, buyers show up. But the problem is that Bitcoin keeps coming back to test the same support. The more a level gets tested, the weaker it usually becomes.
The rejection from $65.6K shifted momentum in favor of the bears, but they still haven't managed to crack the market. Bulls are defending, bears are pressing, and neither side has landed the knockout punch yet. R...
Is Bitcoin getting ready for the next move toward $58,000? 🚨
{future}(BTCUSDT)
That’s the big question right now.
A few hours ago, a lot of traders were calling the dump over after $BTC showed a small recovery.
I wasn’t convinced.
That bounce didn’t look strong to me.
I was watching the blue-zone area closely, and I mentioned earlier that price could easily come back, tap that zone, fill the move, and reject again if buyers failed to step in.
That’s exactly what happened.
BTC pushed ba...