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Now if you try to bottom-fish Bitcoin, you will never recover. Bitcoin hasn’t even corrected to the right level yet. Using Victor’s 123 rule to predict, it’s pretty much a near match. The conditions for Bitcoin to successfully base are as follows:
1. Break the weekly-level descending trendline, around $68,000, as of now.
2. If Bitcoin corrects, it should not set a new stage low again; this price is currently around $57,735.
3. After breaking the descending trendline, Bitcoin’s price needs to break the previous minor high from the earlier pullback; that price is around $83,000.
At present, none of these three requirements has been met, so blind bottom-fishing—who wouldn’t lose money? #比特币 #区块链