The decline is not over yet, do not blindly catch the bottom
Currently, the small-scale trend structure is still in a bearish advantage, so we continue to expect the price to clear the bullish liquidity at 102k
Last night's decline did not clean up the bullish liquidity below, so I will not consider going long until the price drops below 100k. If I must take action, I would prefer to wait for the price to rebound to 106k to short.
Short-term trading opportunities are mainly focused on shorting on rebounds, and long positions are not easy to hold for long.
The next position for shorting will still be chosen at 108k; the rebound may not reach this level, and I will notify the small circle as soon as possible.
Additionally, the Senate has gained enough votes to pass the Stablecoin Bill (GENIUS ACT), and the next step is the House of Representatives. This will be a great boost for the market to hit 130k later, and it is expected to be completed in the third quarter.
