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Bitcoin has once again recorded a bearish candle today, marking nine consecutive days of decline. Extreme conditions will lead to a reversal; in Bitcoin's history, there has only been one instance of more than nine consecutive bearish days, which was back in June 2022, with ten consecutive days!
Today, after finishing the bearish candle, it can basically be confirmed as the first wave of decline in the major cycle transition. Although the major upward cycle has ended, things will eventually reverse; after a prolonged decline, there will certainly be a rebound during the downward phase. However, for the short term (91300/89500), those looking to capitalize on the rebound must be cautious and set stop-loss levels around (88950/88600). The profit potential won't be too large, only around 95600/98500/102000. Therefore, for those who are not technically sound and cannot strictly execute the plan, it's better to wait and see until the situation is completely clarified! #加密市场回调# Recommended coins for counter-trend rise ##比特币行情观察 #美联储会议纪要将公布
BTC-1.11%
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