Since BTC commenced trading in August 2021,
It's the 2nd longest bear market. BTC(Bitcoin) monthly candlesticks have consecutively appeared red during the last 5 months.
The longest bear market was from August 2018 to January 2019. It had been consecutively red for 6 months.
Since there has not been 7 months-consecutive red monthly candlesticks, even though the crypto market entered a bear market, I guess a dead cat bounce is coming soon..🤔
bitcoin big drop
0.00 SBD,
140.89 STEEM,
140.89 SP
大跌不止
Hope y'are right
Congratulations!
Your post has been manually upvoted by the SteemPro team! 🚀
This is an automated message.
If you wish to stop receiving these replies, simply reply to this comment with turn-off
Visit here.
https://www.steempro.com
SteemPro Official Discord Server
https://discord.gg/Bsf98vMg6U
💪 Let's strengthen the Steem ecosystem together!
🟩 Vote for witness faisalamin
https://steemitwallet.com/~witnesses
https://www.steempro.com/witnesses#faisalamin
This setup actually looks primed for a relief move. Five consecutive red monthly candles already price in a lot of fear, and historically Bitcoin doesn’t extend that pattern much further. Even in deep bear markets, momentum usually pauses before continuing. A dead cat bounce seems very likely here, and anyone ignoring that possibility is probably letting emotions override data.