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,
132.27 STEEM,
132.27 SP
大跌不止
0.00 SBD,
0.00 STEEM,
0.22 SP
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.
0.00 SBD,
0.11 STEEM,
0.11 SP
Hope y'are right
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