Long-term view $BTC currently in C wave downward continuation

At this current position

BTC
BTCUSDT
68,147.8
+0.65%

Fluctuating for about a month continues downward

To the range of 60000-70000

Next will be a sustained fluctuation bottoming process

The low may break through 60000

If it happens, there will be more room for operation

What I'm considering more is the scenario that hasn't happened

In the short term, going long below 65000

Going short above 75000

If it's in a position that goes neither up nor down, don't act rashly

After every major drop, there will be a period of sideways fluctuation

In the last half month, a drop of nearly 40% is enough

It's time to enter the sideways repair period

After the repair period, decide on the subsequent rise and fall

After dropping so much, it's inappropriate to be overly bearish

Similarly, being bullish is also inappropriate if the adjustment time is insufficient

Just wait

Finally, the best money-making opportunity in the first half of this year has passed

The market has played out the same script as in 2022.

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