$BTC
All positions that bought the dip below 78,000 are extremely risky. The starting point of this bull market definitely won’t be now.
: When the price rises to 80,000 or even higher, these people won’t take profits because they’re expecting a major bull market.
: Funding rates and open interest show that during this BTC downturn, people have underestimated the risks and dared to buy the dip.
: BTC is currently in a clear downtrend.
So my assessment is the same as before: BTC may rise in the short term to liquidate highly leveraged short positions, but the downtrend will ultimately continue—and it will be a sharp decline. This bull market will surely grow out of despair, not during this period when everyone is optimistic. At the very least
All positions that bought the dip below 78,000 are extremely risky. The starting point of this bull market definitely won’t be now.
: When the price rises to 80,000 or even higher, these people won’t take profits because they’re expecting a major bull market.
: Funding rates and open interest show that during this BTC downturn, people have underestimated the risks and dared to buy the dip.
: BTC is currently in a clear downtrend.
So my assessment is the same as before: BTC may rise in the short term to liquidate highly leveraged short positions, but the downtrend will ultimately continue—and it will be a sharp decline. This bull market will surely grow out of despair, not during this period when everyone is optimistic. At the very least