让往事飞

Bitcoin's bearish candle today failing to close higher confirms the double top pattern, signaling a downward acceleration. The first target range is 73000-75000 for stabilization and consolidation, then continuing to probe lower. The bottom of this decline is expected around 57000-58000, where a decent rebound will occur.

Trading contracts really isn't about how much money you have; as long as you hold positions overnight, you can't sleep well, and I think everyone feels the same. Haven't opened a trade for a few months, and this time I only opened a $300 position. I have a clear logical model and entry points, and I was prepared for liquidation beforehand, plus it’s not much money, but I just can't overcome the inner tension. I entered the market at the end of 2016, almost ten years ago now, have experienced many good market conditions, and have been liquidated countless times. Let's see how far this time goes.

Bitcoin will drop to around 32,000 by the end of this year. The recent surge to 82,800 is basically the peak of this wave. Even if there are new highs, it won't break through the 88,000 resistance level. Afterwards, it will plunge steadily to around 57,000-58,000, stabilize and rebound, then fall again, until around September to November when it will break through the 57,000-60,000 horizontal platform and drop to around 32,000.

Bitcoin will drop to 58,000 this year, then rebound to 73,000-75,000, drop again to 58,000, rebound to 65,000-67,000, and then fall all the way to around 32,000 to end the bear market