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BTC is basically forming a bottom around 615. A rebound will come from here—it remains to be seen whether it can rise and break through 643 to 655. I can’t see 672. If this area pushes up to 680, I think the bull market is coming, but it’s basically impossible.
My earlier prediction was that BTC might drop to around 607-611. While opening more long positions, I would also add some spot. But the market won’t move the way I thought, so I have to follow the trend. If it can’t drop further and keeps probing the low around 615, then it’s time to get on board. BTC ETF outflows have been decreasing all along, and the sell pressure and the spot-buying demand are clearly increasing—that’s the signal.
After HYPE was strong earlier, LIT has started to gain momentum. As two leading DEX derivatives exchange platforms, I guess they’re going to fight it out to the end. You can start paying attention to it recently. I don’t recommend buying LIT now—it’s already gone up. I didn’t pay attention when it started moving, so I missed it.
$BTC $HYPE $LIT