Bitcoin (BTC) is about to experience a significant drop, so if you are still thinking about chasing the rise now, I suggest you reconsider, and even consider blocking out those voices encouraging you to do so. Next, I will explain the reasons.
First of all, we are approaching a very strong bearish resistance area, roughly between $99,500 and $102,000. If you choose to go long at this time, it is tantamount to asking for trouble. Some people may not take this seriously, but if you insist on sticking to one direction, making money in such a market is almost impossible. The market cannot only rise without falling, right?
Moreover, if you pay attention to the monthly chart, you will find that if there is a huge trading volume on the monthly chart, the bulls still have a chance to continue their momentum, and the market can maintain a high-level consolidation. Otherwise, combined with last month's closing situation, it would form a bearish combination pattern.
If you like to compare with historical data, you can take a look at the two boxes in the chart I attached. You will find that, whether from the trend, MACD, trading volume, or MA and other indicators, these two segments are very similar. Although I don't particularly like the method of comparing with historical data, this comparison can indeed serve as a reference.
Finally, if you plan to go long, why not do it near $91,500? Why wait until it's close to $100,000? At that time, others may be preparing to take profits, and you are getting ready to buy? #比特币走势观察 #AIAgent热潮 #比特币哈希率创新高 #加密市场反弹 #ADA热度上升 Musk's little dog ρꪊρρⅈꫀડ has great potential and is worth paying attention to.