The downtrend of BTC has not ended

Currently, the rebound is just a rebound

BTC has dropped from 124500 all the way down to 112500, a drop of 12000 points, with almost no resistance in between. This is also the largest selling pressure faced since BTC's historical high! So, BTC dropped to 112500 today, is it really at the bottom? I can clearly tell you, not yet. If it were at the bottom, there would be strong intervention from the main forces today, such as increased volume stopping the decline or a V-shaped reversal, but obviously, none of that happened today, proving that the current rebound is just a rebound, and the main forces have not participated. So for long positions, if you entered a long position around the point I gave at 112700, you can exit and take profit around 114000 to 114500. This trade is just a rebound because it is not yet time for a reversal. So when will the reversal happen?

As for when the reversal will happen, we need to analyze the specific market conditions. Since BTC has not reached the bottom around 112000, I will look to see if there will be main force entry around 110000. A very clear signal for entry is the trading volume and the strength of the rebound, so don't rush it now.

Now there are still a group of people who believe it will go up to 130000. This argument itself is not a problem, but whether it will actually go up is yet to be seen. Of course, we should not bet on it; we should enter when the main forces enter and exit when they sell. As for whether it will go up to 130000, it is no longer important. What we need to do is to make a little profit every day, rather than always thinking about catching the whole fish.