The price of Bitcoin is continuing to plummet significantly. Is this a second bottom? Many investors are eagerly awaiting a further decline in price, hoping for new lows to appear. However, the so-called 'bottom' that everyone is waiting for may either never materialize or, once it does, the actual low could be much lower than expected.
Given this situation, I have decided to go long directly. With the current price in the range of 76200 - 76000, I will first establish a primary position. The additional buy point is set at 75200, and I will strictly set a stop loss—bold moves! The initial target looks toward a rebound to the range of 78500 - 79800.
