Bitcoin / TetherUS

๐Ÿ”ฅ Bitcoin Dead Cat Bounce & Final Capitulation

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Recently I made an analysis on Bitcoin and my expected final capitulation area. Said capitulation area would, in my view, be likely be the bear-market low.

๐Ÿ”ฅ Bitcoin's Capitulation Expected: Bear-Market Low Target


For now, we found strong support around the $29k support, the same area which held during the summer-21 bear market. Since the stock markets have been selling off for 6 straight weeks, it's statistically likely that stocks will end up in the green next week, which will likely lead to a green week for BTC as well.

In my view, this is just a dead-cat bounce which will eventually lead to further capitulation towards the 200-week SMA.

Enjoy the bounce, but be careful since there's likely more downside coming.

๋ฉด์ฑ…์‚ฌํ•ญ

ํ•ด๋‹น ์ •๋ณด์™€ ๊ฒŒ์‹œ๋ฌผ์€ ๊ธˆ์œต, ํˆฌ์ž, ํŠธ๋ ˆ์ด๋”ฉ ๋˜๋Š” ๊ธฐํƒ€ ์œ ํ˜•์˜ ์กฐ์–ธ์ด๋‚˜ ๊ถŒ์žฅ ์‚ฌํ•ญ์œผ๋กœ ๊ฐ„์ฃผ๋˜์ง€ ์•Š์œผ๋ฉฐ, ํŠธ๋ ˆ์ด๋”ฉ๋ทฐ์—์„œ ์ œ๊ณตํ•˜๊ฑฐ๋‚˜ ๋ณด์ฆํ•˜๋Š” ๊ฒƒ์ด ์•„๋‹™๋‹ˆ๋‹ค. ์ž์„ธํ•œ ๋‚ด์šฉ์€ ์ด์šฉ ์•ฝ๊ด€์„ ์ฐธ์กฐํ•˜์„ธ์š”.