BTC woke up and immediately surged violently. Friends who are shorting probably think the sky is falling.

A strong bullish candle pushed above 69,000, and many are now shouting that the bull market has fully returned, with 60,000 as the solid bottom that will never be broken again? Don’t be fooled by this superficial market behavior; the real big decline is still brewing in the shadows…

Lin Ruize clarifies his views:
1. 60,000 is far from being considered a bottom. Don’t blindly call a bull market just because you see a rebound. The true market bottom will likely only be formed in the second half of the year. When the market rises, don’t guess the bottom recklessly—I've emphasized this many times before.

2. Regarding this rebound, I can only say that a new major decline won’t come so quickly. The key is that the timing cycle isn’t in place yet. There’s a high probability that the decline will start before this week or by the 18th. The current market is just a rebound, not a trend reversal. In fact, it’s the best opportunity to set up short positions.

3. Today, BTC rebounded to 69,500, forming a double top with 69,200. If it retraces and breaks below 67,500-67,800, it’s a trap to lure longs, so you can lightly short to profit from the pullback. Even if it stabilizes and pushes higher, a major drop is still unavoidable later.

4. There are two more resistance levels above BTC: the parallel top at 72,000 and the gap at 73,000. Whether the market first breaks through 69,000 to fill the 70,200 gap or pushes higher to reach 72,000 and fill the 73,000 gap, ultimately, a significant pullback is inevitable, and the decline won’t be small.

The current upward movement resembles the main force retreating to pick up positions, offering opportunities to short, not a genuine trend reversal. For those aiming to go long-term short, seize this window. #Gate广场四月发帖挑战