A few days ago, there was a sharp decline, and going long got hit hard,

In the middle, at the end, when the spikes dropped,

I had to cut my losses.

These past few days, I've been constantly trading, and today I checked my profits

I recovered 50%,

After putting in some effort for a while, I should be able to break even again.

BTC indeed, the recent rebound has been decent.

If nothing unexpected happens, 80,000 should be the bottom of this wave of retracement.

Now it has rebounded to around 88,000,

There's no need to chase long positions anymore, the upward movement is actually not significant.

Generally, after such a sharp decline, a direct V-shaped recovery is rare,

There will usually be a second wave of retracement,

It might not reach 80,000,

But the probability of going down to 85,000 is still quite high.

It really is true that one's mindset is determined by their position,

Those who went long and got trapped, who earlier urged others to buy in at 120,000,

Now they are daily engaging in self-PUA, finding all sorts of excuses,

Talking about cycle zeroing, interest rate cuts, deflation, the US-China meeting, anyway, they just insist that BTC must go up to 180,000.

For those shorting, now it starts, liquidity is zero, moving average structure is damaged, entering a bear market, monthly MACD shows a death cross, a lot of funds are trapped, the market makers have already fled, this is just a rebound, not a reversal. Holding onto the 120,000 short position, it must drop to 50,000.

It's now the time for the bulls and bears to clash,

Everyone sees each other,

In their hearts, they curse, SB. $BTC