on-chain has completely cooled down,


The secondary market is directly stagnant,
The copycat group pretends to be dead,
The big pie is declining without looking back.
The situation on the plate is suffocating to the naked eye.

The Bitcoin monthly chart has formed a death cross; the last time was in November 2021 - the peak of the last bull market at 69000.
History does not repeat itself, but it often rhymes.

Beware of the weekly MACD; once it breaks through the zero line, a deep adjustment is basically confirmed.
Next comes a long period of decline and fluctuations; don’t expect to turn things around without at least half a year of bottoming out.

However, before hitting zero, there is a high probability of a rebound at the 12-hour level, after all, a sharp decline necessitates a breather.
But remember, that's not a reversal; it's a bait-and-switch.

The downward momentum on the weekly chart continues to expand, the death cross on the monthly chart has officially taken effect, and the 1-5 day lines are simultaneously experiencing increased selling pressure.
The main players and large funds are selling off together,
The so-called support levels of 95000, 93000, and 92000 are all just targets for short-term rebounds.

Bottom fishing? Buying the dip now is like robbing your own home.

93000-92000 is considered the last line of defense above 90,000.
It is expected to be a bit of a grind, but don't hold out hope.

In extreme market conditions, surviving is the top priority.
BTC-0.16%
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