Coin circle 618 "fracture" section? Bitcoin fell close to the bull-bear line, and the copycats were slaughtered! Is encryption over?
Today, the big cake Ethereum, including most of the copycats, are all falling, which has also caused many brothers to lose confidence in the bull market.
Bitcoin is approaching the 120-day bull-bear line. The long-short confrontation has entered a white-hot stage. In the past ten years, every time Bitcoin broke through the 120-day line, it would always usher in a big bull market. On the contrary, if it fell below the 120-day line, it would always plummet and weaken, so many people call the 120-day line the bull-bear line.
For example, in 21 years, Bitcoin fell below the bull-bear line, and then plummeted all the way, entering a two-year bear market, and most of the spot fell by 95%. Until the beginning of 23, BTC broke through the bull-bear line with a large volume, and the bear market came to an abrupt end. It is worth noting that since 23 years, every time Bitcoin fell to the vicinity of the 120-day line, it would always quickly pull back.
Bitcoin is once again approaching the bull-bear line of $65,000, and it has become a key long-short window. I think it is better to stay still at this time. Wait for the mainstream to confirm the bottom before considering intervention. If you intervene easily, only liquidation is waiting for you! In the past 24 hours, a total of 197.914 positions were liquidated, with a liquidation amount of $489 million. Are you one of them?
As Bitcoin has recently pulled back, many people have begun to doubt whether the bull market is still there?
The bull market has always been there, but the 618 mid-year promotion in the currency circle has indeed been very strong, but it is also the best time to get on the train!
When everyone thinks that there is no chance in the currency circle. Then this is the opportunity. You just need to seize it. In the past, you thought you couldn't afford Bitcoin. BNB, ETH, and various sector leaders, MEME coin sectors, etc., today, the prices have all been knocked down!
When everyone thinks that there is no chance in the currency circle, this is the opportunity. Are you afraid of not getting rich if you seize it?
In addition, the Ethereum ETF will be listed in the second half of the year, the US presidential election and the Fed's interest rate cuts. The previous dot plot has already shown that even if the data this year is bad, the Fed will cut interest rates at least once. Looking back at the previous bull market, no bull market ended before the interest rate cut. Generally, after the interest rate cut, the bull market is pushed to a climax and ends perfectly.
