⚠️ Please do not go against the trend and take the chestnuts from the fire, please do not rush to buy the bottom and take the flying knife in the air! The weekly trend direction is determined by the weekly line, and Bitcoin is currently in the fifth wave of downward trend market at the weekly level. The real big plunge and waterfall plunge have not yet arrived, but they will eventually happen. The stubborn resistance of the bulls in the short term will ultimately be of no help and unable to change the downward trend. The trend direction is to fall below 60000, and it is highly likely that the Fibonacci retracement of 0.236, or around 42000, in the large cycle shown in the chart below will occur. This bear market may be even more brutal than we imagine! The US stock market has not experienced a sharp decline or pullback yet+ Opening up US stock trading on major exchanges is drawing blood from the cryptocurrency market+ Micro Strategy has just started selling 32 BTC+ Beile De has been continuously selling BTC at 70000-80000+ The probability of the Bank of Japan announcing a rate hike on the 16th is as high as 70%+ The stalemate and uncertainty of the trilateral war between the United States, Iran, and Israel+ Whether the global financial crisis and AI foam will burst+ So, there is a 90% chance that 60000 is not the bottom of the bear market here, around 45000 is. If a black swan event occurs and the US stock market crashes, it is not impossible to insert 38000. There are still many people and big V bloggers in the cryptocurrency circle shouting to buy Bitcoin and Ethereum at the bottom, and the current price is even less likely to be the bear market bottom. Therefore, for now, take care of your hands and impulsive emotions when it comes to bottom fishing. When we patiently wait for the blood to flow in the cryptocurrency circle, it is the time for us to enter the market and buy the bottom. Selling in the midst of bustling crowds and buying when no one is interested is an unchanging law in the financial market.