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May 6, 2026 Analysis 📊
Dear friends, it's been a long time since I posted on the square.
This rebound pattern is very similar to the one at the end of March 2022.
Bitcoin dropped from the bull market high of 69,000 to 33,000, a decline of nearly 53%.
Then it rebounded from 33,000 to 48,200, a rebound of 46%.
Finally, it entered a long deep bear phase, with Bitcoin falling to a low of 17,000 to 15,440, the lowest price in the bear market.
This wave, Bitcoin's high point in the bull market was 126,000, dropping to 60,000, a decline of 52.5%.
Then it rebounded from 60,000. Compared to 2022, the base is larger.
Suppose it rebounds 40%, that would be around 84,000.
If there is malicious manipulation, 85,000 to 86,000 is also about right!
History won't repeat exactly, but it will be astonishingly similar.
So, the short position still needs to be shorted.
A steady entry at 84,000, an aggressive entry near 81,700!
On May 14, Trump visits China, and on May 15, Wosh takes office.
These two major positive developments will open the door for the bears to profit!
Today is May 6, and the high-level oscillation will probably last about a week.
By posting this article today, everyone should have the opportunity to make their trading plans well.
Know and act in harmony.
During the C-wave retracement, I hope we are all sitting in the shorting car!