$BTC What’s next for the market— a rebound or a reversal?
After Bitcoin briefly dipped below $76,000, strong buying demand stepped in and the price began to rebound. I think it’s quite likely to test the area around $80,000 next, but whether it can continue higher will depend on the selling pressure at that level.
There’s a notable contradiction right now: buyers are stepping in to support the price, but both futures and spot CVD continue to make new lows. Futures open interest has started to recover more quickly, but it remains low overall.
So personally, I think some bears may have already started building positions. If the price rebounds to $80,000 and meets clear selling pressure, while open interest rises sharply and CVD struggles to rebound, the bearish signal will become clearer, and any subsequent decline could be more sustained.
I’ve consistently encouraged everyone to buy the dip at $76,000, whether in spot or futures, and whether on livestreams, in the VIP community, or on the public forum. My view hasn’t changed. In any case, I believe anyone who followed my trades during this period will have caught this major rebound.
Next, keep a close eye on order-book activity around $80,000. Personally, I still lean toward this being a rebound rather than a reversal. After all, the hacking incident has had a major impact on the market, and it will take time to rebuild confidence. However, a much deeper decline also seems unlikely. I’m more inclined to expect a choppy, whipsawing market that shakes out weak hands before the second trend wave begins.
After Bitcoin briefly dipped below $76,000, strong buying demand stepped in and the price began to rebound. I think it’s quite likely to test the area around $80,000 next, but whether it can continue higher will depend on the selling pressure at that level.
There’s a notable contradiction right now: buyers are stepping in to support the price, but both futures and spot CVD continue to make new lows. Futures open interest has started to recover more quickly, but it remains low overall.
So personally, I think some bears may have already started building positions. If the price rebounds to $80,000 and meets clear selling pressure, while open interest rises sharply and CVD struggles to rebound, the bearish signal will become clearer, and any subsequent decline could be more sustained.
I’ve consistently encouraged everyone to buy the dip at $76,000, whether in spot or futures, and whether on livestreams, in the VIP community, or on the public forum. My view hasn’t changed. In any case, I believe anyone who followed my trades during this period will have caught this major rebound.
Next, keep a close eye on order-book activity around $80,000. Personally, I still lean toward this being a rebound rather than a reversal. After all, the hacking incident has had a major impact on the market, and it will take time to rebuild confidence. However, a much deeper decline also seems unlikely. I’m more inclined to expect a choppy, whipsawing market that shakes out weak hands before the second trend wave begins.
