BTC has already held steady at 80,500, and according to my previous dual moving average trading strategy, you could say that the daily chart is in a bullish alignment. But can we go long now? Has the bull market come back? I don’t think so. According to wave theory, the weekly chart in Figure 2 is currently in the 4th wave, and there is still a 5th wave of decline to come. So I’ll short at around 83.8k. I’d watch price rise at most to around 87.2k. This bear market could turn out to be very brutal—at least down to 52k.