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Hello everyone, I am Tony the Elder. I will be live streaming for everyone at exactly 7 pm tonight.
The most talked about topic recently is whether the bull market is still here and whether the bull market has started to retrace from its peak of 110000 yuan. So far, the largest retracement decline is about 30%. Looking back at the bull market in 2021, when the bull market fell from 65000 yuan to 28000 yuan, the maximum retracement space was as much as 50%. When everyone thought that the bull market had started to move towards the bear market, the daily bullish candlestick retraced and opened up the second end of the bull tail. Although it has now fallen below the range of 110000-90000 yuan, it cannot be concluded that the bull market will move towards the bear market. Many people believe that falling below 70000 yuan is the official start of the bear market, but I do not think so. This bull market will be the most powerful bull market. With... As the cryptocurrency market becomes increasingly compliant, it will be difficult for the bull market to continue its previous strong gains. Therefore, this round of bull market will be the biggest bull in history, and we are optimistic about the outbreak in the second half of the year, Friends who reserve spot stocks suggest finding a spot to enter the market in the second half of the year. The previous rise can only be said to be a bull market for Bitcoin, and altcoins have not yet started a bull market. After the market rebounds, most people will mainly buy Bitcoin spot stocks. The cheaper some mainstream altcoins are, the more low-priced they will choose to enter the market. I suggest a spot layout of 3/7 layout. There is still a good chance for altcoins to rise in the second half of the year. I firmly believe that the bull market has been going on, but it has not yet erupted. If the real Bitcoin falls below 70000, it will not be far from the second phase of the bull market.
Bitcoin weekly view, based on the Bitcoin closing situation, the weekly level has not yet hit bottom and will continue to decline. The previous low of 78000 is not the bottom of the weekly line, and it is also very difficult to sell. The support range below the weekly line is 73000-75000.
Intraday view: The 4-hour level continues to decline, and there is currently no obvious effective rebound. It is still recommended to focus on low to high levels for the day.
Tonight's live broadcast will bring you real-time short-term orders, including the layout of mainstream Ethereum knockoff market in the future.
Weibo account: Old Tony XC
Assistant WeChat ID: ETH229922
QQ group number: eight hundred and ten million seven hundred and ninety-four thousand and ninety-five
Meeting number: 676-625-6335
Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
