Next, the main focus is to test the critical support at 60k. After this round of sharp sell-off, there’s a bottoming wick—if 60k doesn’t break, there should be a rebound. This is an important support level and also a key psychological price point. Once it breaks, the market will be completely shattered emotionally—total breakdown.

In this setup, the long-term short positions have been an all-out success. Once Bitcoin breaks below 60k, you should get ready to buy the dip in batches. June and September are the two worst-performing months in Bitcoin’s history, so these are great opportunities to enter and accumulate. It’s very possible you’ll see the lowest point before the next bull market even starts—don’t miss out.