Every $BTC bear market ended soon after Bitcoin started creeping out the macro downtrend.
Look at 2019. Look at 2022.
The shift didn’t happen at the bottom. It happened when BTC started breaking out of the downtrend and reclaiming strength.
Right now we are still in a clear macro downtrend. No confirmed signs of strength yet.
The safest time to consider longterm BTC buys is when the price starts breaking out and trending outside the current downtrend structure. You don’t need to predict the exact bottom Just respect the macro trend.
This is the simplest and most friendly way to know when the bear market is ending. $BTC #BTC #BTCUSDT
LATEST: Tom Lee's Bitmine stakes another 162,088 $ETH worth $366M, bringing its total staked ETH to 4.19 million worth $9.48B, representing 82.59% of its total holdings. $ETH
$BTC.D A little hesitation before the targets are tapped, but the targets WILL be tapped.
Also, given the altcoin dominance not doing too well, this makes it easier for BTC.D to go up and tap the targets.
For a better altcoin health, you want this to go UP while BTC also goes UP or stays STABLE. If this went UP while BTC goes down, you will see altcoins drop in double digits. #TRADING #MarketUpdate #BTC #ETH
$ETH Ethereum is a platform where developers build apps not just send money. These apps are called dApps Decentralized Apps. From DeFi (finance without banks) to NFTs and Web3, most of it runs on Ethereum. That’s why ETH has strong value — it’s not just hype, it’s real usage. As more people use Ethereum, demand for ETH increases. $ETH
$BTC BTC LONG TERM PLAN: According to 1D and 4H chart. Now BTC is trading at 74,500 and I am just Bullish for SHORT TERM. Why? Because these huge 3 BEAR FLAGS you can see are the main reason. First Bear Flag broke down and we saw almost 27% Correction. Second Bear Flag Broke down and we saw 33.27% Correction. Now, we are witnessing same 3rd BEAR FLAG and History Doesn't repeats itself but it. So, I am expecting a rejection from 80-85k zone which is 1D OB and FVG which will be the best short area for us and I will target 38-40k zone personally as a SWING. Moreover, we have RSI Divergence formation in 4h and this is a Massive Bearish Sign for BTC. I will Book major profits from Spot and Longs on 80-85k zone. STAY PROFITABLE