Not looking too good... Is Bitcoin heading into a downtrend? Can we buy the dip now? Let's take a quick look.

1. As shown in the chart. BTC rebounded well in the first two weeks, with the bottom and top both rising, and the coin price rebounded over 12%. But! Everything changed dramatically starting yesterday, with a failed breakout. Is Bitcoin's upward momentum coming to an end?
2. Actually, there is still a glimmer of hope for BTC's current trend. Because the support around 63,000 is still quite strong, it held during the Korean stock market crash and supported that wave of decline. Bitcoin itself is actually fine, but if the US stock market or others experience another crash like yesterday, Bitcoin's 62k support might not hold, and the defense line could retreat to the previous low of 60k.
3. However, this situation has not yet occurred; Bitcoin still holds above 62,000. At this point, I wouldn't rashly go long on futures because the risk is indeed higher, but we can hold spot. Since Bitcoin is just over 60k, Sol is in the 60s, and ETH is over 1,600, these are all very good prices.
4. So I plan to buy some spot that won't liquidate me, try to profit if it rises, and if it falls, I might be stuck for a while—anyway, I won't lose money. In the bull market, I could even multiply my gains. After all, we sold at the top around 67,000 in spot, so theoretically, buying back at any price below 67,000 is profitable. The top escape at high positions is our biggest confidence.
5. As for the US stock market, SPCX collapsed as expected, falling below 140. Any significant rebound can be shorted again, for example, at over 170, re-enter the first short position, and remember to set a protective buy order at 190 to average down and recover the position, so losses won't occur. If it doesn't go up and just drops, then it's a big profit.
6. We haven't lost when shorting SPCX—4 wins out of 4 trades, holding long-term at 1x, entering in batches. Currently, we operate Bitcoin spot trading, using different leverage depending on the situation, because besides trading, position management is equally important.