Bitcoin Crash Alert đš! Do you want to make Kong or jump to altcoins? đ„
đ Monthly breakdown of Bitcoin: Is a crash coming?
It's hard to describe last month's closing price, which fell below a key support level.
Now this monthâs bearish continuation â BTC is trading below EMA8.
All signs point to a bearish trend. But the problem is...
đ€ What should we do?
When the market crashes, should you stay short and wait, or should you turn to other currencies to gain potential gains?
The current trend is greatly affected by liquidation levels, and holding the 53k area is not only technically but also psychologically crucial for the market. If we see a strong rebound in this area, it could signal a bullish continuation. However, if the price falls below $53,000 again, it could trigger significant selling pressure, increasing the likelihood of a pullback to the $49-46,000 range. In these volatile situations, it is necessary to adjust strategies and focus on risk management.
So what do you do?
đ Downside potential
In the short term, downside potential is 20-30%,
In some extreme cases, even 40-60%.
đ Upside potential
A generous 100-300% can be achieved in the medium term. But beware: the initial reaction may be negative sentiment across the market. Making changes at the wrong time can cost you everything.
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Want to quickly understand the information gap, whether it is a contract or spot
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