7.2 Bitcoin Early Morning Thoughts

Bitcoin has retraced significantly from the high of 126k, nearly halving. Earlier, it experienced continuous declines with a retracement of over 15%. Currently, around 60,000, it's only a technical stop, not a trend reversal.
This rebound lacks volume, merely a liquidity repair after the main players' washout. The chart seems to stabilize, but in fact, funds are leaving the market, and it is in a period of weak oscillation. Large funds are still on the sidelines, ETF funds continue to flow out, lacking buying support. A volume-less rebound will ultimately pave the way for subsequent declines.
The short-term market is weak, maintaining range-bound oscillation. Conditions for a bull market restart are not yet present. Be sure to trade short-term with quick entries and exits, and do not hold heavy positions for bottom fishing.

When Bitcoin rebounds to the 60500-61500 range, you can arrange short positions, targeting 59000-57000. If effectively breached, you can look towards 56000.
As long as it fails to hold above 63500 with volume, all rises are merely rebounds. The bull market has not returned! #btc