Over the weekend, the bullish main force has quietly withdrawn. Bitcoin has effectively broken below the Fibonacci 0.618 key support, and the upward structure has been broken, indicating that a major cycle adjustment has officially begun.
From the market perspective:
🎯 The trend phase adjustment target points to the previous low of around 80,600
Trading ideas: ❌ Abandon bottom-fishing, long positions no longer have cost-effectiveness ✅ Follow the trend, bulls exit the market, join the bears Watch for a shorting opportunity at 87,000
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#BTC Main Force Rhythm Update ⚠️
Over the weekend, the bullish main force has quietly withdrawn.
Bitcoin has effectively broken below the Fibonacci 0.618 key support, and the upward structure has been broken, indicating that a major cycle adjustment has officially begun.
From the market perspective:
🎯 The trend phase adjustment target points to the previous low of around 80,600
Trading ideas:
❌ Abandon bottom-fishing, long positions no longer have cost-effectiveness
✅ Follow the trend, bulls exit the market, join the bears
Watch for a shorting opportunity at 87,000