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No more hindsight! Speak only with real data!!
As early as May 8th, I warned: Bitcoin's sharp decline has begun! The push to 83k without strength must retrace, the main downward trend started after the meeting with the yellow-haired guy, and now all of it has been confirmed!
Now Bitcoin and Ethereum are falling sharply along with the US stock market, many are asking if they can buy the dip? The positive news from the yellow-haired guy’s visit to China has been fully priced in, new risks have already emerged!
First, the previous positive news was exhausted early, the US semiconductor bubble is serious, Bitcoin, Ethereum, and US stocks are deeply linked, and a sharp decline in US stocks will inevitably pressure the crypto market. Remember, a rebound is an opportunity to short!
More critically, the Federal Reserve’s leadership change! Powell steps down on Friday, Waller takes over. Historically, when a new chair takes office, global assets tend to plunge, and Waller is likely to shrink the balance sheet and tighten dollar liquidity, hot money will exit, and the market in the second half of the year looks bleak.
Back when the yellow-haired guy took office, Bitcoin peaked and then crashed, history is repeating itself! Waller’s shock therapy will severely damage risk assets, never buy high, shorting on rallies is the right way!
Wall Street institutions have already exited, the AI bubble has burst, Bitcoin and Ethereum have minimal upside and no bottom in sight. In the last cycle, I held onto 4,500 coins for the long term!
Everyone stay alert and watch these key levels: 80,000–80,400 (small position, buy on dips)
80,800–81,300 (steady position)
81,800–82,400 (extreme leverage position)
This round, I still see around 77,000, if broken, look below!
If you want to precisely catch the entry points, follow me, let’s meet at the peak together!
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