$BTC Bitcoin broke through the trend line and plunged 2,400 dollars. Is the end of the world coming?

【Bull market coming? Understand the logic in one article】
⭐This article will be more like a big shot, so it is not an investment advice!!! However, since it has been verified many times in history, I will shamelessly jump😁

In this article, I have and only use one indicator. Indicator name: Bitcoin Volmex lmplied Volatility Index (BVIV-Bitcoin Implied Volatility)

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---Figure 1, the implied volatility has achieved a good rise after reaching 44 three times in history.

---On the timeline, see Figure 2, after BVIV received support near 44 three times, the increase in Bitcoin (to the highest price) was 51%, 27%, and 70% respectively.

And the time interval between the first two touches and rebounds was about 150 days. Since it touched 44 again and rebounded in February this year, it has also been about 150 days.

---Figure 3, back to the technical side. 1. Bitcoin has been fluctuating in a wide range for four months, and is currently at the lower boundary of the box. This position can be used as a starting point for the rise. 2. There is a slight bottom divergence at the hourly level. 3. Bad news, shorts are currently in the lead. But from the perspective of cost performance alone, the cost performance of going long here is greater than that of going short.

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Of course, before the lower boundary of the wide range oscillation box is broken, the closer to the bottom, the more bullish it must be. Similarly, once the BVIV-44 area is broken, the expectation of "bull return" will be invalid. It's a bit like walking on a tightrope, and no mistakes can be made.

If you plan to rely on this indicator as the basis for opening a long position, remember to set a stop loss after breaking 59,000.

Market analysis will be released later.