Bitcoin has eight consecutive negative lines on the weekly line

May 23, 2022

Bitcoin has eight consecutive negative lines on the weekly line, and the long and short are waiting to break through

Last week, U.S. stocks hit a new weekly low, reaching seven consecutive negative lines
Eight consecutive negative lines recorded in the 1970s and 2002
Emerging market stocks generally rebounded, European stocks fluctuated
Bitcoin fluctuated with the U.S. stock market during the week. Although it did not make a new low, it set a historical record of eight consecutive negative lines.

No matter the level or depth of the drop in this round is relatively large
The current secondary capital market
Although the short-term and mid-line are likely to rebound and fluctuate for several weeks due to panic and weekly oversold
But it is also difficult to change the long-term downward trend
If it is a big opportunity, Bitcoin wants to reverse the long-term trend less than a word
Read more "The Road to Shu is Difficult"
This year's strategy should still focus on keeping a low profile and keeping the principal.

Message side:
This week, the FOMC minutes to be released at 2 a.m. Thursday
May disclose more details of the Fed's attitude and decision-making on monetary policy

Technical side:
The short-term continues to fluctuate in a range
before you come out completely
Opportunity still lies in grid-like trading based on minor divergence signals
It is still the welfare time for short-term customers;

The probability of a midline stage bottom is greater:
Whether it is from the situation of the divergence segment at the entanglement week level
or technical aspects such as market sentiment, k line pattern, etc.
A rebound is expected;

A long-term bearish trend
Under the pressure of the top divergence at the monthly level
Looking at bitcoin at the beginning, the view of three-digit ethereum is unwavering.