Once BTC is above 80,000, it’s not recommended to take further risks by chasing longs.


Reviewing price action at key time points.
This mid-year rally is only a technical rebound within a bear market.
It is not the start of a bull market.
In the next phase, a sharp pullback is highly likely.
From the perspective of point-level risk, the 81.0–83.0 thousand range is a strong resistance zone.
If you chase longs, the upside is only about 3%.
But the risk of a pullback is as high as 10% - 30%.
The risk-reward ratio is extremely unfavorable.
The bottom timing may instead appear around the U.S. midterm elections at the end of this year.
At that time, there’s hope to see the final bottom of this bear market.
That would be an excellent opportunity to get in.
The logic is that the positive momentum from U.S.-Iran talks is about to run out.
With high U.S. inflation, there will be no rate cuts this year.
It’s unlikely that the crypto market will improve significantly throughout the year.
Only after rate cuts will the bull market finally be set in motion.
BTC1.62%
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