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Given that the overall market is currently weak, it's necessary to give everyone a reminder.
Although today I suggested that the 62,300-62,800 range could be a good area to try to add some long positions, based on the previous two dips. However, the current market situation is quite risky and prone to new lows.
Therefore, in the next cycle, there is a very high probability that Bitcoin will dip below 50,000 again.
February only has 28 days, which means the monthly candle has 4 days left to close.
In the coming days, be cautious of the continued risk of sharp declines.
This position is not an ideal area to place trades.