The bear market hasn’t bottomed out yet, because Bitcoin hasn’t dropped enough. Compared with Bitcoin, some other coins have already fallen by 2/3, but Bitcoin has only fallen by 1/2. When Bitcoin drops to 2/3—that is around 40k—you can start considering spot bottom fishing; for futures, short on rallies. The daily upward channel can break at any time, so for friends going long on futures, manage your take-profit and stop-loss yourself.

BTC-2.41%
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