Many people think $BTC hasn't hit bottom yet, and I agree with that. However, whether going long or short, I think a good entry price is essential.

For example, last time when it dropped to 82K, I started feeling around from 74K+, got stopped out twice with small losses, then entered around 77K on the right side. Even though I got stopped out, I think it was the right move, because the higher the price, the better the cost basis.

Now for shorts, what advantage does the cost have? (Ignore intraday hourly players.) Of course, you could say now that you're holding and just need to hold on. That's only because it looks weak right now. Once it starts bouncing, it only takes a week for most people to be unable to withstand it.

Personally, I'm bullish on lower prices for next month. What's uncertain right now is whether 58K can serve as a bounce low. The longer it lingers, the less likely it seems.