Bitcoin's performance this week is a decisive 7 days that will determine its fate for the next six months.

If Bitcoin can hold above the 200-week EMA, it will enter at least 6 months of疯狂上涨.
Historically, whenever Bitcoin falls below the 200-week EMA, it usually drops another 30%~45%,
until it hits a true bottom. Based on this pattern, Bitcoin might drop to the 35K~38K range this time.
The only difference is,
during an interest rate hike cycle, this decline could last for half a year before rebounding.
In a rate cut cycle, this period might be 7~10 days before a rapid surge.
#BTC # Cryptocurrency #TechnicalAnalysis