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In the long term, $Btc through the uptrend periods continues to diverge at the peak. It is very difficult to use this type of RSI to determine whether the cycle has reached its peak or to find a big short entry, but if you live long enough to witness the BTC RSI breaking the peak divergence, then surely I would be willing to throw myself into a short with all my life, because breaking to that point would be just hitting the ceiling, nothing else to think about or praise.
In the short term, for the first time in over 2 years, a bottom divergence has appeared across larger frames, so a recovery or growth may happen soon unless the price rolls over 74(. Of course, this won't be in just one or two days as I am looking at the smallest frame being the monthly frame.
Moreover, in contrast to ), which has not escaped the downward trend, #Btc still has not broken the upward trend (, it remains in a large frame. Therefore, even though looking at the chart seems to have completed 5 waves of increase and the yearly candle view is quite bad, it is not so dire that everyone is pulling the arrow back to 30k. It's really scary, in a bull market, no one can compare, but in a bear market, it’s even scarier than me 😧.
If you guys are tracing back the Fibonacci to 0.236 at 30k, then let me remind you of one thing that 0.236 is usually only used for hitting the B wave retracement and then ripping. With the current context, the government elites have just started to feel greedy, so will they let you go with cold feet like that? If they really want to bag, they can dump to take advantage of possession, but they won't be foolish enough to dump it to a price that everyone can own and make it so decentralized that it divides into too many small fragments.
The head 4 is already difficult. Fud slowly, people are afraid it will run out. Let's see how it goes to avoid being toxic. Love money, love myself 😗
#VanMei