The short-term strong unilateral upward trend has ended, that is, the market where you can make money without doing anything has ended.
The market will continue to rise and reach the top, showing a fluctuating upward trend.
From the beginning, the bulls completely crushed the bears, and now the bears are gradually increasing their stakes. In the future, we can see the final situation of the game between bulls and bears.
For prudent investors, the contract can be terminated or the leverage can be reduced, and the spot needs to be sold at the right time.
The long-short dividing line is temporarily set at 85,000. If it does not fall below, it will continue to be bullish. (Personally, I do not recommend shorting now)
The only definite chance is to wait for Bitcoin to pull back 10%-20% from the top, and then re-enter the market for a second push. This requires waiting slowly at the daily level!
(Example: From the end of 2022 to now, except for the 32-point drop to the bottom in July 2024, other major corrections in the rising market were 10 points in the short term and 20 points in the medium and long term.)
In case of an extremely bad market, Bitcoin retreats 40%-50% in the short term, then you have to go all in, and there will be an oversold rebound on the technical level.
Note: The closed machine price of the Big Coin mining machine is about 64,500, which is a reasonable price for long-term investment in Big Coin.
(The following is a screenshot of a blogger’s chat group, hehe)
$BTC $ETH
