Based on the current price range of $BTC, if the weekly chart closes in 2 hours, its MACD will form an extreme state similar to the "imminent death cross confirming divergence" simulated in the chart... Unless there is a strong bullish trend in the subsequent market, this weekly death cross and secondary top divergence are inevitable... Sounds a bit hopeless, doesn't it? But I looked up past bull market tops and found that the week a death cross was confirmed, the weekly chart either had a small green candle pattern or a two-week rally. The 2017 episode was even worse, with the final surge to the top occurring right after the death cross... So the overall scenario left to us is a rebound next week, but the strength is unknown, and the overall trend in September is a bearish trend... In terms of trading strategy, short-term long long next week can help you take advantage of a rebound. After September, look for a high point and start shorting at a low multiple. Don't sell until the new high is broken. Maybe you'll have a long-term short position that can catch the beginning of the next bull market... ---------------EN--------------- Based on the current Bitcoin price range, the weekly candle close in two hours will form a critical state on the MACD, a "bearish crossover confirming divergence" similar to the one simulated in the chart. Unless there's a super-strong bullish rebound, this weekly MACD crossover and a second bearish divergence will be unavoidable. What Happens Next? Sounds a bit hopeless, right? But I checked historical cases from past bull market tops. The week the crossover was confirmed, the weekly candle was either a small green one, or there were two consecutive weeks of extreme bounces. In 2017, it was even more infuriating—the final parabolic top happened after the death cross. So, the overall scenario for us is a bounce next week, but with unknown strength, followed by a bearish trend for the entirety of September. The Trading Strategy Putting this into a trading strategy: next week, you can take a short-term long position to play the bounce. Then, sometime in September, find a good entry point to open a low-leverage short. Don't close it unless we break a new high—it could very well become a "generational short" that you hold until the next bull market begins.

Update: At the close of the weekly chart, the MACD trend expectations were fulfilled. It is currently in a temporary death cross state, and the indicator has prompted a second top divergence! Are you panicking? With this level of top divergence, it’s completely understandable to call for a bear market.