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It's about to moon, it's about to moon,
What a load of nonsense.
Right now, we're still in a downtrend continuation; wait for the bears to gather strength, and we'll see more drops. The bulls aren't crying out for mercy yet, there’s no sign of stabilization on the daily chart,
Don't be wishful thinking; we're already in a bearish trend.
These days, the liquidation victims are getting roasted, facing criticism everywhere; it seems he’s done a lot of damage, deceiving too many newbies.
The most despicable thing is using charity as a gimmick, trading on goodwill; anyone who acts like this will not be spared by the heavens or the spirits, that’s for sure.
With so many curses directed at him, his blessings are long gone,
Honestly, he’s bound to face some serious misfortune; just wait and see.
I really hope he turns over a new leaf; if he does, maybe he can leave some good karma for his descendants.
But when you're young, how can you believe in karma? Sigh, it's pitiful, hateful, and sad, right?
Actually, the newbies are getting wiser; there are just too many scammers in this space, and if you hold onto a delusion, it’s easy to get scammed.
If you want someone to take you to profit, the trading path is really tough; it's better to rely on yourself than on others. You need to learn, get into better circles, and elevate your understanding.
Recently, Trump’s been stirring things up; after returning from China, he’s been setting up long and short positions, one moment attacking Iran, the next moment begging the neighbor for leniency, temporarily letting things slide. The market has been fluctuating, but one thing's for sure, the US stocks are at a high, and a pullback is needed.
With the US stocks pulling back, BTC should also see a major drop. Meanwhile, gold and silver have been tanking too; it's truly hard to imagine, looks like global assets are all on the decline.
Currently, from a daily chart perspective, BTC has effectively broken below its lifeline, establishing a downtrend. The MACD crossover shows there's a need for continued pullback, and the daily chart hasn’t stabilized; I wouldn’t recommend going long or trying to catch the bottom. Focus on opening shorts on any rebounds, with resistance around 78,000.
On the 4-hour chart, I suggest staying on the sidelines today; don’t take any positions. If we see a rebound to 78,000, consider opening a short.
On the 3-day chart, the candlestick trend is down, and currently, the lifeline support is at 76,000. If it effectively breaks below that, there’s a high chance we’ll slide down to 70,000.
The universe has its cycles; everything comes back around.
Whether in wrongdoing or in trading,
There are ups and downs; that’s the essence of the market.
Remember, don’t go long until there’s a clear bottom. $BTC #TradfiTradingChallenge