How long will the shock last? When can we buy the bottom?

Although Bitcoin (bread) has not fallen sharply recently, altcoins have fallen badly. The market is currently in a state of shock and downward movement. If the market is to strengthen, it must break through $70,000 in volume. Tether issued another 1 billion USDT on the TRON chain a few days ago, and the possibility of institutional whales entering the market to buy the bottom cannot be ruled out. Only when the main force pulls the market and brings a money-making effect can the market resonate.

Next, we need to pay attention to the risk of Bitcoin falling below $63,000. There was a 30% retracement after the halving in 2016, and a 20% retracement after the halving in 2020. After the halving, the cost of mining increases, and miners may selectively sell. Click the main leaf to follow the official account: Bifangshe, free entry

Whether from the weekly level or the daily level, it is currently at the end of the third wave of the wave theory. Now it is the fourth wave adjustment, which has lasted for nearly 100 days. Perhaps after the European Cup, Bitcoin will rise again. Why is it after the European Cup? Because the big money may go to gamble on football, the money will flow back to the cryptocurrency circle after the game. The European Cup will end on July 15th, so wait for the flowers to bloom!