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🚨 What will Bitcoin do next?
Although I agree with the saying that “patterns can’t guarantee a 100% outcome,” there are indeed some things that genuinely work.
That is the flag pattern / channel.
Take a look at the past two cycles.
It was the flag pattern / channel that perfectly predicted the upcoming trend.
Over the past two months, we’ve been in a classic bearish flag pattern.
This is the second flag pattern in this current bear market cycle.
For reference, in 2022, before hitting the bottom and the final distribution, we saw a total of 5 such flag patterns.
I think it’s obvious that we’re going to keep falling.
But remember—flag patterns are very sly. Within the pattern, price often moves in the opposite direction of what’s expected.
A recent example is that wave of rebound, when everyone was shouting, “We’re going to break $80,000.”
See the result? — We’ve once again fallen even deeper.
#Gate现货衍生品双双冲进全球前三