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Guys, run quickly, Bitcoin is going to crash this week
First, Thursday at 2:00 AM, the Federal Reserve interest rate meeting
Historical patterns have always been: rise before the decision, fall after the decision.
This round, Bitcoin rebounded from 60k all the way to 79,600, and this level is very likely the major top of this phase.
After the meeting, it will be a bear market.
Jingyi started warning about short-term high-positioning last week.
Second, the Federal Reserve is about to enter a leadership change window.
Looking back at history, before and after Yellen and Powell took office, the market experienced large-scale declines.
Now, at this critical point, according to past patterns, a new round of sharp decline could start at any time.
Finally, the US stock market bubble is serious, and the US-Iran ceasefire positive news has all been priced in.
When positive news is realized, it becomes negative, and once the dust settles on the news, the market will return to a downward trend.
Currently, the Middle East situation is tense, and oil volatility is increasing.
Continuous geopolitical conflicts, the Fed’s hawkish stance will only become more firm, with rate cut expectations cooling down, and even the possibility of further rate hikes, which is a big negative for us.
Let’s look at the charts, Bitcoin made a second attempt to rise to 79,600 but failed to break through, then quickly retreated 3,000 points.
A single-day plunge broke the short-term upward structure, the bullish momentum has completely exhausted, and the upward trend has been broken.
The major top signal has appeared, and the bears are definitely starting to perform.
Resistance above 785-795, strong resistance at 815
Support below 755-715, 680 or even lower
Bitcoin in sync
Resistance above 2300-2380, strong resistance at 2460
Support below 2257-2080, 1860 or even lower
#WCTC交易王PK