Has the double reversal reached its position?
Personally, I feel that the underlying reason for this round of sharp decline indicates that the double reversal has officially arrived.
$BTC
BTCUSDT
Perp
78,124.3
+0.64%
Since hitting a new high last year, it has been bouncing around 90,000.
After this round of gold and silver skyrocketing, it has again plummeted, with panic emotions at their peak.
The crypto market has followed suit with a sell-off.
The bears have emerged.
High leveraged long positions have been wiped out.
So the next direction is likely to go to a higher position.