$BTC Evening Viewpoint:
The market has been cleaned up thoroughly these past two days; the key point is that after being cleaned, it has been thoroughly shaken off, how can it not be clean? The long positions above 98000 have basically been washed out. The upcoming big trend may fluctuate and consolidate between 91000-97000, unless a new narrative arises that gets American investors to continue FOMOing. Otherwise, staying in a state of FOMO is exhausting! 😃
Actually, this kind of wash is quite good, allowing those who haven't entered yet to buy the spot assets they favor.
It also accumulates some strength for another attempt to break through the 100,000 mark. As for whether it will drop below 90,000, I personally think the probability of dropping below 90,000 is low. Whether the gap around 77,000 will be filled depends on whether the bull market ends or the U.S. experiences economic recession and black swans; otherwise, it won't come back to fill.
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Talking through the chart: Everyone knows what this formation is, right? So, what to do next, I don’t need to say much; you all know it. I won’t say much more, just follow the positions given in the chart, and make sure to set your stop-loss properly. If you don’t understand, just ask.
