存活了8年的老韭菜

Basically lost the bet, ready to surrender at any time, isolated for half a year.

If the US stock market and the crypto market are highly correlated, then the recent trend in the US stock market is actually bearish: 1. It extends the interest rate cut cycle. 2. The US stock market is at a high point, so the current low point in the crypto market is debatable!

The Air Force doesn't need to panic; the US stock market hasn't corrected at all, and interest rate cuts are still a long way off this year. I'm starting to doubt if it can reach this point; there's enough time.

I personally still lean towards the idea that we are in a volatile market, a waste of time. A breakout above 8 is ineffective! Otherwise, this month we will have to return to the lower bound of the 3-day line!

Besides here, there is no strong pressure above. Logically, it should break through while taking advantage of this wind from the US stock market. The bull is back; what is the main force hesitating about!

Let's talk about the monthly line. Last time I mentioned that if the monthly close is above 6.82, there is a high probability of breaking the previous high. To avoid breaking the previous high, this month must drop below 6.56, which is the lowest point of the last monthly line!

The trend here is very similar to the trend at the bull top, on the 4-hour, 3-day, and weekly charts!

If it weren't for the bull market, these two segments have similarities; both show a doji star at the top. The difference is that one is a bull top, while the other is the top of a sideways market!

Here's another idea: if the closing price is above 6.82 by 8 AM on July 1st, go all in, the bull is back! If it's below, we might have to oscillate for another three months!

If this month's monthly line closes below 6.82, it will be perfect, and there will be no possibility of a new high next month! At most, it will rebound to around 7.4.