$BTC Complete!! Fully complete!!
A major crash may be coming!!
Mentougou has started testing the market again. Originally, these past few days, when Bitcoin hit 100,000, it would drop sharply. Plus, the investment proposal for Bitcoin at yesterday's Microsoft shareholders meeting hasn't been passed yet.
Now the entire market is starting to decline, and Mentougou has begun converting Bitcoin again. It seems that more than 2,600 is not much.
But looking at its historical operations, it always likes to first make a small transaction to see how the market sentiment is, and then suddenly make a large move.
So today, it might be a good idea to clear some long positions in Bitcoin, as there is a possibility of a sharp drop back to around 93,000.
Although the entire market continues to decline, there is strong support at the 90,000 level, and it should continue to consolidate until the next interest rate cut comes out.
If you must open a position at this time, it's best to do some short-term trading. Our strategy could be to take a long position between 93,000 and 92,000, then take profits close to 100,000.
Without other positive news, this market will continue to consolidate for a while.
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