I see that currently on the weekly frame, BTC has a pretty strong support on the weekly EMA52 indicator, quite similar to the previous cycle when BTC peaked and then dropped sharply like the current collapse of BTC from 72k to 49k.

2. The Fuding order of the negative weekly frame predicts that the selling force has been exhausted and the shorts are gradually weakening, showing that the fuding for many weeks is negative.

3. Futru Oi orders opened from 28 billion to 30 billion dollars last week, only MM can open such large orders

Conclusion: I still expect that in the upcoming medium and long term, BTC has bottomed out around the 49k - 50k mark and most ALTCOINS have also dropped 80-90% from the peak, and there will be a strong increase in the coming period with events such as the Fed cutting interest rates, the US Presidential election, the Government printing money to pump money to save the economy from inflation and recession.

So personally I think BTC still has a growth phase to 80k - 100k and#ALTCOIN There is still a run for wave 3, which is also the main wave of this cycle. Hopefully, altcoin will increase by 5 x10 to help you get worthy results while you are still here and believe in the market.
#btc #eth