$BTC Tonight, let's talk about the major trends.
There's the first scenario: if the bull market is still on, then we can refer to the previous bull market.
In the last bull market, the position above 80,000 required at least two months to stabilize the market.
This time, if Bitcoin drops to this critical position of 80,000 but doesn't break below it, or pretends to break below and then quickly rebounds, and continues to stabilize, it will probably take about another month to surge upwards.
If that's the market situation, then the bull market is still on!
The second scenario: if the position of 80,000 breaks down and cannot hold, it will run away, leading to a second pattern, and the bull will naturally be gone!
At that time, keep an eye on the 80,000 position; if it can't hold, there's no need to think too much, it will definitely be like the last round, plummeting all the way.
The drop could be huge, several tens of thousands of points; as long as it breaks 80,000 and cannot hold, I can see it going to 50,000, dropping directly by 30,000 points,
Now, one very clear point is that below 96,000, the general direction is to short!!!
Whenever it breaks above 96,000 and continues to short, that direction could be problematic because at this position, the bulls will regain confidence!
Whenever it approaches or breaks the 100,000 position, the entire market's bullish sentiment will be ignited, becoming fervent; everyone will FOMO (fear of missing out) and enter that kind of bullish-led explosive market! $FHE
No matter what the upcoming market will look like, we must always be ready to adapt. If you still have no clue, come to the chat room.
