2026-01-21 05:31:17

The trend after the 2021 bull market high perfectly coincides with the trend after the current new high!

(Technical analysis) Please make sure to read this before leaving 🙏

Everyone can look at the chart below ⬇️

I used Fibonacci retracement to calculate the results at the daily level for Bitcoin: from the highest point of the bull market down to the lowest point of the first decline, the conclusion is that "the first wave of rebound at the bull market high all reached the 0.382 golden ratio, and a new round of decline has begun."

Moreover, after the first decline in 2021, the rebound back to 0.382 directly led into a bear market lasting more than a year.

So, if we infer sequentially, the daily-level decline has just begun (just rebounded to 0.382, then a massive drop occurred), which is also a signal that the bear market has started.

And if we combine the daily MACD & RSI indicators, this decline has just begun～

For reference only for trading~

BTC-2.02%

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