Bitcoin today is watching 76,700. As long as it stays above this price, a rebound is still possible, and it won’t let the shorts get their quick win. It will grind you down slowly. The short positions are still around 78,500. After the rebound, there will be another round of decline. Before the end of the month, it’s all about range-bound trading. The lazier you are when trading, the better. I don’t like choppy range markets. Livermore once said: we trade other people’s mistakes. A big one-way move only happens when 80% of retail investors make mistakes.