26.3.7
After studying the bear market of 2022, I found something interesting
The price movement of Bitcoin this time is almost identical to the bear market of 2022
In 2022, there were multiple false breakouts to the upside, ultimately leading to a sharp decline, with the low point dropping around 33% to the next lower range. According to calculations, this time the low point to the drop of 2.618, which is around 40000, is also about 33%. Given that this month's interest rate meeting is approaching, it is highly likely there will be no rate cuts, which is quite concerning.
Near 715-720, you might try placing an order to catch a spike. My personal opinion is that unless the interest rate meeting cuts rates, it will be difficult to reach new highs above 740. The overall direction still looks bearish, and I'll share more thoughts on bottom-fishing strategies later. If interested, please follow for updates.
