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Yesterday, I observed the IP trend and could basically determine the direction of this wave of the market — the bears haven't withdrawn yet, and the fight will continue.
The current situation is very clear: prices are consolidating sideways, and short positions above are being swept away frequently. Every rebound is met with new selling pressure, and this rhythm has repeated several times.
The key in the next few days depends on whether Bitcoin can produce a truly breakout candlestick. As long as Bitcoin confirms a downward move, IP will follow with a decline, returning to a reasonable price level.
Honestly, the volatility and rhythm of this market are not something everyone can withstand. To short effectively, you need to be early enough and maintain a steady mindset; otherwise, a few rebounds in the middle could force you to cut losses and admit defeat. This trade truly tests people, with risks and rewards both at their maximum.