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That's great, my prediction was correct. He will try to push up to test 643, but now Bitcoin has broken below the support level.
Whether I think it will fall further is because I believe the US-Iran talks will not reach an agreement, and Iran has closed the Strait of Hormuz again.
When negative news breaks out, it's highly likely to fall.
I also entered a short position on Bitcoin near 643.
Interestingly, I shorted at 1.03 on RE1, and some followers are on the opposite side, holding long positions above 1.03.
At that time, I couldn't say I was right, but now, it seems I am.
From the range I initially predicted, once it reached that zone, it basically topped out, then rebounded and shorted instead of going long.
This kind of altcoin can collapse at any time.
Of course, some crypto friends believe it will still rise, but I don't.
I'll wait for time to verify whether my prediction is ultimately correct.
This is the power of research and analysis.
Never chase a rise without completing the upward move; instead, follow with spot or small leverage long positions.
How to determine if the rise has ended and how to analyze altcoins—I've discussed this in live streams, and it's part of our BTB research and trading education.
Tonight, I’m still sharing technical tips with students during dinner.
$BTC $RE