2025/6/3 Bitcoin’s big drop risk and response strategies

The video delves into the Bitcoin market and predicts a sharp drop to come. The video uses Elliott wave theory and Fibonacci retracement, pointing out that Bitcoin price faces the risk of ABC adjustment wave after completing the five waves of rise. The author emphasizes that a variety of technical indicators, such as shrinking trading volume, MACD divergence, and dead cross arrangement of moving averages (MA), all indicate the exhaustion of bullish momentum and the strengthening of bear trends. The video proposes two possible downward scenarios: a direct plunge or rebound first to lure long and then a sharp drop, and advises investors to pay attention to key support levels, such as 0.236 (103000), 0.382 (97500) and 0.618 (88000) to avoid risks and find potential bottom signals.