After a continuous drop for so long, hitting a recent low, today the market's slightly rebounded and some are already shouting "bull return." You have to think, in the last half month, we dropped from 82000 to 59000, a total drop of 23000 points, and it fell smoothly without a decent rebound. So, a little bounce here isn’t impossible. It’s okay to catch a falling knife for short-term trades, but I think it's not very wise for long-term positions. If the overall downtrend hasn’t changed, the strategy should still be to short on the highs. If we can hit the 63-64 range without breaking 65, I believe that’s a good entry point for a short position. $BTC
However, at the 60000 level, I think it’s fine to accumulate some spot positions, but if we’re looking for a quick play, 40000 might be a better target.
However, at the 60000 level, I think it’s fine to accumulate some spot positions, but if we’re looking for a quick play, 40000 might be a better target.