Bitcoin / TetherUS
Short

The decline of Bitcoin is not over yet!

720

Bitcoin formed a big V-shape in the previous trend. Many institutions and individual traders were buying at the bottom of the V-shape. In addition, the economic situation improved and Bitcoin rose accordingly. Before yesterday, many people were still saying that Bitcoin would rise. At that time, I felt that Bitcoin would fall, at least there would be a period of decline in the near future! Because the rise of Bitcoin failed to stabilize at the key position of 109K, it would fall, and then last night, Bitcoin and the stock market were both falling. There is a little rise at present, but I still think Bitcoin will fall.
If Bitcoin cannot stabilize at 109K, then it will be difficult for Bitcoin to hold its current position. The nearest position will probably be in the range of 106K-105K.

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