Let me follow up with another piece of information.

Will BTC drop further? $BTC ‌

BTC has dropped to 59000 again. Is this the bottom? Will it drop further?

My persistent view is that 59000 is not the ultimate bottom. I believe many who have seen my posts should know that I've talked about this topic many times. Likewise, I still stick to my previous view: this parallel low at 59000 will likely be broken. Don't tell me about double bottoms. Back when it was at 60000, many people also said it was a double bottom, and it ended up being broken.

I've always told everyone that parallel lows and parallel highs are the easiest to break and breakthrough. The more it seems like that, the higher the probability of a break. The reason it hasn't been broken yet is that there hasn't been enough long liquidity trapped. Once liquidity builds up, this level will be broken directly. So this position may consolidate for a while, slowly rebounding here, and when the time is right, it will be broken down accordingly.

So what exactly is the bottom price? I never guess prices, because guessing prices is meaningless. None of us are prophets; no one can calculate it. I prefer to measure prices with time and accumulation. If the time reaches between September and December, and there is obvious accumulation action, I will consider starting to lay out a long-term bull run, using 10x leverage, and stop when BTC doubles. Everyone needs to get their own chips instead of blindly rushing in.