The bear market cycle is far from over


Currently, it is believed that $6W is not the bottom of this round; only when #BTC drops below the 55,000 range will we consider gradually starting spot positions. Before that, no long positions will be taken.
The recent rebound from 74,000 to 59,000 is essentially a correction within the downward trend, with overall weakness.
In the short term, focus on the resistance at the 65,000–66,000 range.
If shorting, prioritize #ETH, which has a relatively weaker structure and a downward trend.
When BTC was around 80,000, I had already discussed with friends our judgment for the second half of the year, and this view has not changed during the process from 80,000 to 70,000 to 60,000.
Plan to start gradually building spot positions after BTC drops below 55,000, but will not leverage on the left side anymore, only waiting for confirmation of the bottom on the right side before considering contract longs.
The market is not short of opportunities, only patience.
BTC2.47%
ETH2.56%
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