Brothers, I am Mig.
Just now, I was staring at the four-hour chart for a long time, and many people are asking: 'Are we going to break through 94000 or even 96000?'
I pour a basin of cold water first: stop dreaming, the current risks far outweigh the opportunities.
The news is blowing cold wind, not warm wind.
Several big shots from the Federal Reserve spoke early this morning, and the core message was: 'Inflation is still high; we are not in a hurry to cut interest rates.' Chicago's Goolsbee said to 'wait and see,' while Kansas's Schmid directly stated 'inflation is still too high.'
The expected liquidity from the market, don’t think about it in the short term. Once the funds tighten, assets like BTC with high volatility are the easiest to get hurt. Don't think that interest rate cut expectations can always support the coin price; reality has already slapped us in the face.
The technical aspect has already sounded the alarm.
The MACD white and yellow lines have long since crossed below the 0 axis, which is a clear signal of medium-term weakness. The key resistance level is 91000; the current price cannot even stabilize here, how can we talk about reaching 94000? Support below at 87700, 85600, 84000, each layer lower than the last.
Remember: in a downtrend, every rebound is to facilitate a better decline. That small rebound this morning is just a trap to lure more in.
Mig's view: The daily line is already in a bearish pattern, the overall trend is turning bearish. First, see if 87700 will be broken; if it breaks, look for a pullback to defend support around 85600, and attempts to catch a rebound in this range. If 87700 is not broken, wait for a rebound to break through 91000.
What should retail investors do now?
Position is greater than everything; first reduce the position, at least below 50%;
For those still in the market, set a stop-loss, suggested in the range of 88500-89000;
For those with no positions, don’t get anxious; patiently wait for two signals: either a significant drop below 87700 followed by a weak rebound, or the daily line re-establishes above 91000;
Keep a calm mindset; a decline is an opportunity, but it's not the time to catch falling knives.
I know many people are still thinking about 'bull market correction, buying the dip to get rich.' But before the real market starts, most people will definitely be shaken into doubting their lives. Follow Mig, I will send reminders at key positions these days—whether to buy the dip or escape, you are no longer guessing alone.
A decline is not scary; what’s scary is a decline without rhythm. Stay steady, we will slowly fight this battle.
Follow Mig, participate in every attack by Mig villagers! Mig will announce the specific entry times and real-time messages in the village every day!
