Less than a month, is it ridiculous for you to say the bear is over?
华尔街在逃韭菜
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DWF Labs has called out again, saying the market is approaching the end of a bear market, and Bitcoin might fluctuate around 15% up or down from the current price level. This means that the bottom is near, and it's time to stock up.
To be honest, this kind of rhetoric of "the bottom is coming" sounds a bit familiar, a classic script for the end of a bear market. On-chain data and ETF outflows do indicate a lack of liquidity, and the leverage has been mostly cleaned up. However, under the macro backdrop, the expectations for interest rate cuts have been repeatedly postponed, and U.S. Treasury yields are fluctuating at high levels, putting overall pressure on risk assets.
The market is always like this; before a real rebound, it has to grind people down, breaking the retail investor mentality. Institutional buying is a fact, but this kind of call is more about guiding the emotional aspect. In the short term, as long as the macro environment does not clearly turn favorable, it will be difficult for Bitcoin to have an independent big rally. Wait for confirmation signals, focusing on the Federal Reserve and subsequent capital inflow data.
$BTC options have gone all in, because I didn't hold the previous short position at 65000, I made a 1x profit and closed at 600, but then it rose to 8000, resulting in a 10x loss, and I've been regretting it for a week.
$GIGGLE This place is ridiculous! As soon as it goes online, it pulls so high that it leaves people empty all the way down the stairs, without any rebound.