The magic pen 🐎 is online again. This drop near 112k will see a rebound, but the strength of the rebound won't be very strong. The big coin is looking below 110k. It's a good idea to boldly build positions and go long below 110k. Why do I think it might drop to between 107k-109k? This area is a previous low point with relatively dense liquidity. When it reaches this position, most people will think we're entering a bear market, and many will say it will break below 110k. Most will then go short, leading to a significant rebound, and the bears will get trapped. This rebound could be around 115k or possibly 117k. A second peak would lead to a bear market, so for those of you shorting at 123k, hold onto your short positions. Holding a position until next year could see the big coin at 70k or 80k, which would also yield decent returns.