$BTC

The current market indeed presents a feeling of being on the verge of collapse

A spike isn't terrifying, what's terrifying is a gradual decline

Currently, the hourly chart of Bitcoin has already broken down

If the second wave on the four-hour chart shows no willingness to rebound, the altcoin should consider stopping losses by half

For the remaining half, look around 97400; if it breaks down further, exit the entire position. It's possible we may see another spike followed by a false breakdown to lure shorts

Personally, I am more inclined to think that Bitcoin will make a false breakout to attract longs before a waterfall decline!

Currently, the bearish sentiment in the market is quite exaggerated; if this gradual decline continues, retail investors will likely exit in droves

Set the stop-loss level; leave the rest to time

Take profits on all that are in the green, cash out #比特币走势观察 #比特币哈希率创新高 #本周微策略是否继续增持BTC？ #山寨币热点