Jiang Wei Analysis: Bitcoin's rapid decline aligns with our thinking. How will the market operate in the future?

CN
27 days ago

The market creates you in a favorable trend, and teaches you in an unfavorable trend. Don't be sad; there will always be fluctuations in the market that you don't understand, and there will always be waves you can profit from. Do you think that just because you didn't make money today, you will keep losing tomorrow? Do you think that the opportunities you miss today will always slip by? There are mornings and evenings in a day, and every day has its own time. If you haven't gotten what you want, you are about to get something better. This is not just motivational talk; it is also about treating the situation rationally. The most fearful group of people are those with low emotional intelligence, who get anxious when faced with situations, and who don't want to miss any ups and downs. They keep building positions, and the more they act, the more they lose their true strategy.

The Bitcoin market continues to decline, breaking below, with a minimum retracement around 82,000. This retracement was completely expected; otherwise, I wouldn't have mentioned the trend of breaking 9 to return to 8 earlier. Throughout this decline, we have consistently advised to short, with a downward space exceeding 10,000 points, reaching an unprecedented level in this market.

The current price has already fallen below the downward range, showing a significant drop. Many retail investors must be feeling battered. Stabilizing now is an opportunity because after such a large drop, there will be a certain range of oscillation and accumulation in the short term. The overall range will likely oscillate around 89,000-83,800. If you really don't know how to proceed, Jiang Wei is here to help you.

In the evening, the reference area for Bitcoin is around 87,500-88,000 for a bearish outlook, with a target around 84,000. The points are for reference only.

Follow the public account; the only way to relieve worries is through Jiang Wei.

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