$BTC Bitcoin at $BTC 600000 will keep oscillating in this range and won’t easily and effectively break down.


As a reference to the 2018 bear market at the 6000 level: it churned for half a year. Each time it broke down, it would then slowly pull back. This created the illusion that 6000 was the bottom—until later, the computing-power showdown between $BCH and $BSV , plus a sudden black swan event, caused BTC to fall to 3150 before hitting the bottom.
For this bear cycle, for BTC to effectively drop below 60000, it would also require a sudden black swan event. Before such a black swan event happens, when Bitcoin drops below 60000, looking for opportunities and taking short-term long positions at lower levels can be a fairly good trade-off in terms of cost-effectiveness.
BTC-0.44%
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