BTC Main Force Rhythm Update



BTC successfully breaks through the previous high, launching a strong push toward 66K, breaking the short-term defense line. The small-scale wave 3 rally unfolds as expected, once again confirming the main force rhythm projection. Congratulations to friends who followed the rhythm and gained profits.

Trading Reminder: 67K-68K is a key resistance zone in the upward channel. If a small-scale wave 4 pullback occurs, it is a healthy correction. Pay close attention to the support zone around 64.5K, and continue to speculate on a small-scale wave 5 upward attack, with the target directly above 70K.
BTC-2.70%
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GateUser-1379e90d
· 06-15 02:21
I’ve been in the crypto market for nearly 10 years, and I entered in 2018. I’ve been through a few bull and bear cycles, but I think this time it really will go to a very low level. This bear market can’t be judged by the lows of bear markets in the past—the current decline is because the market needs it. In the past, it was said that the crypto circle is a gathering place for safe-haven assets. But this time, it has indeed performed far too poorly: all the funds have rushed into gold, and the financial crisis hasn’t erupted yet. I think by the end of this year or the early part of next year, it will fully break out, and its destructive power could even be stronger than the 2008 subprime mortgage crisis. So this time, I believe they will go to an even lower level.

For Bitcoin, I even see it dropping below 40,000. For Ethereum, it could be in the 600–500 range and below. And this bear market’s lasting cycle may be very long—if it truly reaches that level, spot holdings would actually be more worth having. Buy it and immediately store it in your wallet. If you want to open those super-long-term contracts for long positions, I think you should still wait until the real market starts before considering chasing orders.
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