BTC is above 81,000 and it is not recommended to chase longs anymore.

Looking back at the market at this time, the mid-year rally was only a technical rebound within a bear market and not the start of a bull market.
Subsequently, a significant correction is likely to occur.
From the risk levels at certain points, the 82,000-85k range is a strong resistance zone.
If chasing longs, the upward potential is only about 5%.
The correction risk is as high as 10%-30%, making the risk-reward ratio very unfavorable.
The bottom opportunity may be around the end of this year during the US midterm elections.
At that time, there is hope to see the final bottom of this bear market, which would be an excellent entry point.
The influencing logic is that the positive effects of US-Iran negotiations are about to be exhausted.
US high inflation makes rate cuts this year unlikely.
The crypto market is unlikely to see a rebound throughout the year.
Only after rate cuts will the bull market truly begin.