Click on the link to join the meeting directly: https://meeting.tencent.com/p/7890471408
Last week, it was predicted that Bitcoin would bottom at around 88000, but as a result, it fell all the way to around 80000, and the monthly line is about to form a head and shoulder top
The formation of a strong long-term bearish signal at the top and shoulder of the Bitcoin monthly line is mainly influenced by a deep price correction. The downward target is usually calculated based on the vertical height from the head to the neck line. After falling below $100000, a bear market will begin, and it may reach the range of $70000 to $60000 in 2026; If the neck line and key support are lost, it is easy to trigger chain selling and accelerate price decline.
This pattern will reverse market sentiment and trading behavior, exacerbate investor panic, drive long positions to reduce and short positions to increase, increase selling pressure, and at the same time, observe a decrease in the willingness of funds to enter, resulting in pressure on trading activity and liquidity.
As a leading cryptocurrency, the trend of Bitcoin has a guiding significance, and its significant decline is likely to drive mainstream currencies such as Ethereum to follow suit, causing the entire cryptocurrency market to fall into a bear market atmosphere.
It should be noted that this pattern is not absolutely reliable, with a success rate of slightly over 50%. If there is strong support such as macro positive news or heavyweight industry news in the future, the price may stabilize at the neck line and rebound. After the pattern expires or enters a long-term oscillation, the subsequent trend should be clarified.
Technical Analysis
——BTC closed below the 94000 level this week, thinking it would rise again around 88000. However, the monthly line reached the mid track level, approaching around 80000. Currently, the bullish trend has ended, falling below 80000 and rebounding around 110000.
——ETH's weekly closing line fell below the support level of around 3000, and after breaking below it, it reached around 2600. The weekly bottom line fell below it, and if it doesn't stabilize for 4 hours, it won't dare to get on the board. If it falls below around 2800 to 2500-2100 again.
So, how do we proceed next? Teacher Zhao Yun, who has 9 years of practical trading experience in the cryptocurrency industry, will provide a detailed breakdown for everyone. Welcome to the live broadcast room to check in!
Join the Three Kingdoms College Exchange Group to receive more services:
1. Real time troubleshooting (online one-on-one question answering and sorting)
2. Professional technical analysis and theoretical learning
3. Construction and improvement of trading system
4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land!
Official QQ group: 579358784
Tencent Meeting ID: 789-047-1408
Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.