鹏翔九霄—luck
鹏翔九霄—luck
lucky
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The monthly MACD of Bitcoin hasn't dipped yet. If the golden cross can't be established, then it will dip. If it dips, the next monthly support level is 68000, then after 68000 the support level is 45000, followed by 11000, and beyond that, there is no visible support. Personally, I lean towards Bitcoin's monthly MACD dipping.
Today I saw an article that said nothing is eternal; Bitcoin will also have a day when it disappears. Moreover, Bitcoin is already an old player. Although it is still going up, that does not change the fact that it will disappear and is an old player. The development of quantum computing will eventually be able to crack it. Additionally, AI is more attractive and updates faster than it. At the same time, it is undeniable that the US government is selling Bitcoin. Many articles and channels are still covering up the issue of the US government selling it. Getting in now is just taking over the bag.
Trading should be enjoyable, not something that keeps you mentally tense every day. In such a state and mindset, you simply can't trade well. Many friends ask me if the pullback has bottomed out and if a reversal is coming. These people are all anxious and indecisive, and sooner or later, they will lose everything. Whether a reversal happens should be determined by data. If the price doesn't fall to a level that scares you and makes you nervous, how can there be a reversal? This is just the beginning. The market has been rising for about three months and has only just started to fall for two days. I've said before, the essence of the stock market and the crypto market lies in capital; capital decides everything. The same applies to life—wealth decides everything. 99% of worries can be solved with capital, and the remaining 1% of worries come from not having enough chips. So as long as there is no capital entering the market, all the fluctuations in between are illusory. Just wait quietly. As long as Bitcoin and Ethereum don't break 85,000 and 2,630 respectively, just wait quietly.
From a technical indicator perspective, Ethereum is experiencing a rebound at the daily MACD just reaching the zero line. The 2-day and 3-day lines are still far from the zero line. From the price structure perspective, this is a rebound at a price support level, but this rebound by the bulls is very weak. From the capital perspective, no new funds have flowed in, so a new round of sharp decline is not far off. Just wait. Those stubborn bulls will suffer terribly, haha, I laugh every day.
