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My first long position has already been executed at $64K .
Many people think it will directly fall back to new lows, but I am more interested in a very interesting similar structure.
In February-March of this year, BTC once:
▪️ Dropped to $60K
▪️ Rebounded to $70K
▪️ Re-tested $62K-$63K
▪️ Finally surged to $74K
and now:
▪️ Dropped to $59K
▪️ Rebounded to $67K
▪️ Is currently retesting $64K
Isn't that very familiar?
So even if it goes back to $62K-$62.5K later, I won't be surprised.
The 0.618 retracement level of this current rebound also just happens to be around $73.9K-$74K .
If this structure continues to repeat, an even better shorting opportunity will soon appear near $74K .
I will continue to hold this long position and see if the market will tell the same story again.