Tong Ge 6.2BTC Strategy

$BTC Rebound to around 715-720 to enter the position, stop loss at 725, first target at 707, second target at 700.
Currently, BTC has broken below the previous consolidation platform, and the daily, 4-hour, and 1-hour charts are all turning weak, with the market dominance taking absolute control.
From the market perspective, it’s not just a simple correction, but a continuous shift of the center of gravity downward. Each rebound is weaker, and each low point during decline is getting lower, which is a typical weak market trend.
The most taboo thing now is to see a significant drop and want to buy the dip.
Until the trend shows a clear sign of bottoming out, buying the dip often results in catching it halfway up the mountain.