The speed and magnitude of BTC's decline this time are really jaw-dropping.

As mentioned before, since the daily line has a downward structure, it is wrong to fantasize that a stroke in the opposite direction can strongly reach a new high.

It has also paid a heavy price for this. The average price of spot BTC plus option purchases is as high as 64,000!

The key point is that it is not the bottom range at present: the slope of the entry segment and the slope of the exit segment are too different, and the exit segment is larger than the entry segment, so at least a central axis will be formed here before it is possible to go up.

But the current rebound is just a strong stroke, so don't be confused by the current situation. The bottom range this time is likely to be around 42,000-36,000.