This BTC pullback is also expected. Yesterday, I said that there is stagflation here and it will pull back to the support level of 64,000. There is nothing wrong. Just wait for the pullback to enter the market.
Yesterday, I pushed 2 coins, and I am pushing 3 long-term ftm shib doge copycat leaders!
Let’s talk about the future of Bitcoin. Yesterday, a fan asked if it can pull back to 60,000. Retail investors set stop losses here, and large investors set stop losses at 58,000!
I thought about it for a long time. If it really falls below 58,000, the bullish trend will be really dangerous. Large investors set long stop loss orders around 58,000. If it falls below, it will probably go down for a long time. Falling to 52,000 is not the end. The market has gone bad!
I can’t see the bulls bowing their heads to eat grass. It’s a complete bear market. Maybe what I said is exaggerated. In addition, the cost of mining machines does not represent the cost of Bitcoin. In the financial market, it can be negative. You think it can’t fall, but that’s not necessarily the case. So don’t say it can’t fall back below 40,000. Anything is possible!
Of course, the market has not reached that point yet, this is all wishful thinking. I just want to say that the drop of 58,000 is really the dividing line between bull and bear markets. This is a bit like
ordi. He can be compared to BTC. He may go out of the trend of BTC falling first. I have drawn a picture for reference only!
Full of negative emotions, the problem is that the market has not reached that point yet. It is still bullish now. Brothers, don't get too excited, haha!
