The recent trend of Bitcoin (big pancake) is indeed not very optimistic. Although the US-Iran situation has ended, American hegemony is declining, and the rise in oil prices has caused many countries to sell off gold to stabilize their exchange rates. Plus, Japan is about to reach its limit, so the overall sentiment is not good, and liquidity is starting to dry up, with the crypto market suffering even more.

Temporary positive news can only cause short-term rallies; the long-term outlook remains bearish. The 622 support level cannot hold, and I still see Bitcoin in the 5-digit range.

I directly went short on Bitcoin. I also have a brain fart, closing my long positions at high levels, and now I’m chasing again! Reflecting on it, I don’t even know which nerve is wrong—closing my short at 64331 when it was above 63, the market changed too quickly while I was writing the article. When 622 broke, I closed my short and went long instead.

Damn it, writing articles affects my focus on watching the market and making money.
$BTC