BiyaPay Analyst: Bitcoin Monthly Chart Shows First Death Cross Signal, Early Signs of Bear Market

On November 13th, a key signal emerged on the Bitcoin monthly chart. The analyst at BiyaPay pointed out that for the first time, the MACD on the BTC monthly chart showed a death cross signal. This usually indicates that the market has entered the "early bear market" stage. Although the price is still above $100,000, from a technical perspective, the slowdown in the monthly trend is obvious. The candle has broken below the short-term moving average, and the momentum bar has been consistently shrinking, suggesting exhaustion in the uptrend. The analyst stated that it is currently more appropriate to maintain a "bearish but not short" strategy. On the one hand, the early bear market often comes with repeated oscillations. Blindly going short can easily lead to a rapid pullback. On the other hand, there are still policy and liquidity variables in the medium to long term that have not been resolved, and there is a need for periodic rebounds in the market. For investors, BiyaPay recommends strictly controlling positions and avoiding high-leverage operations. If participation is necessary, you can diversify your portfolio on BiyaPay through USDT to trade US stocks, Hong Kong stocks, and futures, and use 0-fee cryptocurrency spot contracts to more flexibly manage risks.