$BTC
{spot}(BTCUSDT)
$BNB
{spot}(BNBUSDT)
Everyone is saying the bull is coming, while some say the bear hasn't started yet! #币安人生 #币安钱包上线预测市场
Whether it's the daily line on a large scale or the 15-minute short line, the bear market structure of Bitcoin is very clear, and the downtrend is far from over!
The long-term downward channel on the daily line has seen highs repeatedly drop, and lows are constantly refreshed, typical of a bear market downtrend with no reversal signals. On the short-term 15-minute chart, multiple attempts to break through the strong resistance at 73500 have failed; every rise is followed by a drop, and any rebound is just a trap for bulls who are fundamentally weak!
Adding to this is the uncertainty of the Middle Eastern war, where geopolitical risks could ignite the market at any time, further suppressing risk assets; combined with rising CPI, the expectations for the Federal Reserve to cut interest rates are being pushed back repeatedly, and the willingness of funds to go long is severely lacking, without any incremental capital entering the market, it simply cannot support a large-scale rebound!
Every rebound in a bear market is an opportunity for you to short!
Don't blindly bottom fish, don't chase highs, and don't be fooled by short-term rebounds!
There is only one mindset: a rebound is a short opportunity, focus on shorting, don’t get attached to battles, and keep your position safe!