In each cycle, the stories of market manipulation and the reasons for sell-offs are different. But setting aside other factors and just looking at the price, what happens in each cycle is the same. Market manipulation → peak → sell-off → panic: retail investors sell off their holdings → whales/institutions absorb the sell-off: concentration of holdings increases → price rises: reaching new highs... So, it can only be said that it’s still early to see the bottom.

I believe this final dip will drop another three to four weeks until the end of June, with the short-term price definitely breaking below 60k. Long-term short positions should be held firm. The risk of short-term bottom-fishing and going long remains much greater than shorting on rallies!