BTC this wave is an accelerated decline after breaking the rising wedge pattern, currently breaking below support. Yesterday's small rebound was weak, just reaching 90,000 and then falling back, which can be misleading.
The downward trend is still ongoing, and it is not recommended to bottom fish. If you want to go long, wait for the 83,000-80,000 area. In the short term, the bearish momentum is weakening, and there may be a small rebound to 87,000-88,000, but the range is limited. After the rebound, shorting remains the main strategy, with a target of 83,000-80,000.
The daily chart shows no signs of stopping the decline, and acceleration downward could happen at any time. If 83,000-80,000 support is broken, the next target is 75,000. Overall, the outlook remains bearish. $BTC $GT $ETH
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BTC this wave is an accelerated decline after breaking the rising wedge pattern, currently breaking below support. Yesterday's small rebound was weak, just reaching 90,000 and then falling back, which can be misleading.
The downward trend is still ongoing, and it is not recommended to bottom fish. If you want to go long, wait for the 83,000-80,000 area. In the short term, the bearish momentum is weakening, and there may be a small rebound to 87,000-88,000, but the range is limited. After the rebound, shorting remains the main strategy, with a target of 83,000-80,000.
The daily chart shows no signs of stopping the decline, and acceleration downward could happen at any time. If 83,000-80,000 support is broken, the next target is 75,000. Overall, the outlook remains bearish. $BTC $GT $ETH