Today's analysis of Bitcoin!
Recently, the price of Bitcoin has been falling sharply
causing panic among many
There are also quite a few who bought the dip at 89 and 97
Recently, many well-known KOLs
have also suffered losses
Where is the bottom?
No one knows except for the big players
But let me tell you something scary
The cost of the big players' chips may
only be between 20,000 to 30,000 US dollars
Now there is a company that can serve as auxiliary analysis
That is MicroStrategy
If MicroStrategy issues more to buy Bitcoin
there are agreement requirements
then this round of bear market may blow up MicroStrategy
similar to the previous Luna
If not
that would be the best
The following views are based on the observations of the past few days
and do not constitute investment advice
Please adopt with caution
The first chart shows a circle
indicating that the rebound strength is too weak
In other words
the price at that time was too expensive
Demand was sluggish
And around 80,000
demand began to enter the market
Currently, it feels like there will be a rebound
but still mainly bearish
The second chart shows that
around 90,000 the original support
has turned into a resistance level
Those who are cautious can short around 90,814-91,271
Those going long should set a stop loss
