Bear market has no support! BTC target 56888, rebounds are all just escape opportunities

Position-doubling master

The core truth of the bear market: all supports are just paper! Bitcoin plunged from 97000, Ethereum dropped straight from 3400, behind the extreme sell-off is the inevitable backlash of the bear cycle. This wave of decline will not bottom out without trapping a batch of institutions; the bottom will never appear!

From a technical perspective, the weekly chart's bearish trend is confirmed: BTC weekly divergence confirmed, moving average system fully in a bearish alignment, the 365-day moving average remains resistance and cannot be broken through, trading volume continues to shrink, a typical mid-bear market decline structure; ETH weekly chart weakens in sync, after breaking the 3400 level, there is no support, the oversold rebound cannot even reach one-third of the previous high, and a trend decline has become consensus.

On the daily chart, it's even more a bearish carnival: BTC daily MACD death cross, green momentum bars continue to enlarge, the key support at 85150 was broken and turned into resistance, any rebound is just volume contraction correction, the structure of weak bullish candles and strong bearish candles has never changed; ETH daily chart stubbornly holds the 3000 level but lacks substantial buying volume, breaking below is only a matter of time. All technical signals point to: rebound is for shorting, escape from longs is urgent.

Fundamentally, the market confirms the bear cycle logic: ETH recently experienced a net outflow of institutional funds of 6.3 billion USD, with cumulative fund flow negative since January, the so-called ETF short-term inflows are just a false illusion of inducement; BTC institutional holdings continue to decrease, leveraged funds are forced to liquidate, triggering chain reactions of sell-offs, the market is in a vicious cycle of net fund outflows. Without new capital, where is the true bottom?

Looking back at the bear cycle pattern, history has never been an exception: the premise of a bear market bottom is that institutions are deeply trapped, chips are fully exchanged, the total decline has not exceeded 50%, and there is no panic selling. Talking about bottoms is just self-deception. Currently, there is neither a policy bottom nor a market bottom; instead, the decline is still in the early stage of the bear market, bottom fishing is just catching a flying knife.

Finally, a word of advice to all traders: do not hold illusions in a bear market. Every decent rebound during trading is the last escape opportunity for longs! Within three months, BTC will reach 56888, following the trend to short is the right way; holding longs will only lead to market elimination!

Like + Follow + Subscribe, keep up with the master’s rhythm, avoid pitfalls in the bear market, and precisely grasp the downward dividend!

The chart below shows the structure and levels I provided in my subscription post on 1.22, accurate within two points of Bitcoin! At that time, I told everyone to sell their spot holdings and buy back in the second half of the year. Now, the position-doubling master predicts the answer, and the market will give you the result! #加密行情预测