BTC daily line has not been able to show a reversal signal, and even when it rebounded from oversold, it could not touch the EMA10 daily line, indicating that the bulls are very weak and the bears are still very strong.
At present, the BTC daily line has been running below the EMA20 daily line of 60,000 US dollars and cannot even stabilize the support of 56,000 US dollars. In this case, if the closing of the daily line today confirms that 56,000 US dollars cannot be recovered, then the subsequent trend will be very pessimistic and fall to the support range of 50,000-52,000 US dollars.
However, don’t worry too much. In the second half of the year and next year, the world will start to cut interest rates, and the next US President Trump will be friendly to the Crypto market. There will be a very good market next year. It’s just that before that, the market will be in a period of volatile decline in the second half of this year. We need to be patient to survive this period of pain.
The current market is volatile. Whether you are keen on Heyue or spot, you can check the top to find me. After the sharp decline of the market, I am also optimistic about several potential coins and are ready to lay out.
Why not join me to capture the next wave of opportunities in the market.
