I originally intended to state my personal understanding and opinions in under 200 words. I accidentally wrote a long post again, I'm truly sorry. I just can't shake this rambling habit. Thank you to everyone who patiently read to the end! To avoid misunderstandings, let me briefly summarize again: 1. Logically speaking, this time should be "the same" (i.e., a higher probability of encountering resistance at the double cost line). The reason is: the bottom accumulation structure appears thin, the foundation is weak, which is detrimental to future development. 2. However, this time could also be "different," this is my subjective feeling. The biggest difference is that "the lower limit may be rising." Many people believe that in every bear market, BTC will fall below RP and LTH-RP. But as I said, this round has repeatedly found effective support at <10y_RP, a phenomenon never seen in the past 10 years. Therefore, we have reason to suspect that the "atypical characteristics" of this bear market are emerging. If selling pressure can be completely absorbed within 10y_RP, then why is it necessary to seek a bottom consensus at RP ($54,000) or LTH-RP ($46,000)? I follow over 100 top analysts and traders in the English-speaking community, and recently, their opinions have diverged significantly: A believes the true bear market bottom will be even lower (in Q3 or Q4); B believes $60,000 is the bottom (potentially recovering over $100,000 this year). In my view, let's wait for the market to provide the answer: if BTC can break through the dual resistance of STH-RP and TMMP, then B is more likely. Conversely, A is more likely, or A and B are about equal.
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Murphy
@Murphychen888
This Time "Different" or This Time "Same as Always"? (Continued)
—— In the previous article, we explained the roles of STH-RP and TMMP, as well as why they become the strongest resistance levels. This article continues with my personal understanding and views.
Logically x.com/Murphychen888/…




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