Last week I kept trying to buy the dip but didn't take much action. Mainly because the market was too weak, hitting a new low every day. I also really didn't dare to enter the market. This morning, the bulls finally saw a volume-driven rebound. Currently, the decline has stopped and there are clear signs of a rebound. I already bought around 63 in the morning, and I can ride the rebound. If this rally has room to run, it won't be small.

There’s not much to say about the technical indicators; it’s mainly a macro issue. Previously, the US dollar was draining liquidity, mostly some on-market funds engaging in speculation. Plus, with the ongoing conflict, the news pressure caused market sentiment to spiral out of control. When panic sets in, many people start to withdraw.

Recently, with the World Cup approaching, liquidity will be further drained. But luckily, the current prices are low enough, and there isn’t much liquidity leaving the market. A rebound is expected soon, but it won’t be a one-way move. Usually, in such situations, the market will hover around a bottom for a while. Just be patient for now.

Bitcoin trading suggestion: 63,000 to 65,000. #比特币回升5%