Bitcoin Video Perspective Supplement:

Here, the previous lower edge is used as a turning point for adjustment, firstly giving the conclusion of a bearish outlook. Even if there is no reversal, I still expect a deep correction (limited to small cycles).

Firstly, it has broken through multiple bottom supports, forming an increase in volume 📉. Moreover, we have seen the right-side high points decrease. Secondly, the recent rebound has faced resistance from the previous wave high points and the upward trend line, and it has validated the resistance twice without achieving a substantial breakthrough;

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However, at present, it is actually impossible to provide an objective direction. The market has been quite entangled in the past two days, and the difficulty of operations is continuously increasing. I am not as confident in my personal trading as before; subjectively, I am more bearish.

The following diagram provides two expected scenarios 👇🏻

Blue line: A retest near 103k forms a double bottom rebound, breaking the trend line to continue the bullish trend.

Black line: Adjust to the 101-102k chip concentration area, gain liquidity, and then return to the daily level bullish structure.

PS: The core view is still to buy on the left side; it’s just a matter of good or bad entry points. I rarely provide such ambiguous analysis, but currently, there is indeed no good strategy. It’s better to lower the trading frequency appropriately and wait for the structure to become clearer. Focus on trial and error in the small cycles.