Today, the monthly K-line MACD indicator for BTC has already formed a high-level dead cross. What does this mean? This indicator suggests that the long-term trend of BTC has reversed from a technical perspective. The last trend reversal of this indicator occurred in July 2023, when there was a low-level golden cross in the MACD indicator, and the BTC price also rose from 30,000 to around 100,000 today...
Short-term indicators may fluctuate repeatedly, but the signal reversal of long-term indicators generally represents a trend reversal measured in years.
Conclusion: The long-term adjustment trend of BTC has already formed from a technical perspective, so please seize the opportunity to reduce positions during short-term rebounds. As for when exactly, don't guess the bottom; what seems like a bottom often has 18 layers of hell below it. When will the monthly K-line MACD have a low-level golden cross, and when will it be a good entry opportunity? However, this is probably a matter of 1 to 2 years in the future.
