Bitcoin's fate will be decided this week. Holding above 68K means a raging bull market.
If Bitcoin can hold steady without breaking below the 200-week EMA, it will enter at least 6 months of疯狂上涨. Historically, whenever Bitcoin breaks below the 200-week EMA, it usually drops another 30%~45%, until it hits the true bottom. Based on this pattern, Bitcoin might fall to the 35K~38K range this time. In a rate hike cycle, the decline lasts about half a year before rebounding. In a rate cut cycle, the duration may be 7~10 days, then it quickly takes off. #BTC #BTCUSD #BTCUSDT
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Bitcoin's fate will be decided this week. Holding above 68K means a raging bull market.
If Bitcoin can hold steady without breaking below the 200-week EMA, it will enter at least 6 months of疯狂上涨.
Historically, whenever Bitcoin breaks below the 200-week EMA, it usually drops another 30%~45%,
until it hits the true bottom. Based on this pattern, Bitcoin might fall to the 35K~38K range this time.
In a rate hike cycle, the decline lasts about half a year before rebounding.
In a rate cut cycle, the duration may be 7~10 days, then it quickly takes off.
#BTC #BTCUSD #BTCUSDT