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The live stream mentioned that after the US stock market opens, it looks bearish, and it basically matches expectations. Bitcoin didn’t rise above 795; Bitcoin broke down. On the daily chart level, it already has the shape for a big drop. I expect it to fall over the next few days. The specific support levels are 754 and 738. The technicals also look bearish. Next, we’ll see whether it dumps all at once or drifts down slowly.
Altcoins must be especially careful. When Bitcoin starts dropping, altcoins leak downward too. Don’t be fooled by the previous explosive rally—that was distribution and dumping.
TOM Lee said to go all-in and buy ETH because we’re at the end of the bear market. I can only say that his understanding is that of a crypto newcomer, but you can’t ignore that he’s well-known and has a lot of money. If Bitcoin breaks below 6, it can also be called the end of the bear market. Calling it the end without adding a timeframe is just playing around with people—one year is also the end!
$BTC