The Next Trend of Bitcoin

Brothers, good morning, last night there was another wave of selling, how are you all?

Let's take a look at the market, currently from the four-hour cycle of Bitcoin, the pattern doesn't look good, this week there is a high probability of repeated contract liquidation, and this week is likely to be suppressed without a strong rebound. Pay close attention to the Fibonacci levels 500-618, this range is very important, with support at 618 below being 95800. If it breaks below, it will need to go lower. This month's market will not be very calm because Trump is taking office. If you withstand this wave of selling and panic, and hold your positions, by the end of the month or early February, you will shine. If you can't withstand it, you should exit early. For those with contract leverage, remember to stop losses in a timely manner; holding onto positions is not sustainable. Bitcoin will likely break below the 618 support, and this wave of rebound lacks volume, so it won't easily push up.

I've mentioned many times before that before a big market move, there will be a very fierce shakeout. Don't fall before dawn, brothers.