Bitcoin surged again this morning to around 72,000, with the bottom gradually rising. To ensure a higher rebound, the top must also break through. A few days ago, I also indicated that there would be a rebound, but this current level is not the high point of the rebound. So I personally believe that we are still in the technical repair phase within a bear market structure, not the restart of a bull market. Moving forward, the focus should be on trading high positions. Remember, rebounds in a bear market are always used to reduce positions, not to chase longs!
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Bitcoin surged again this morning to around 72,000, with the bottom gradually rising. To ensure a higher rebound, the top must also break through. A few days ago, I also indicated that there would be a rebound, but this current level is not the high point of the rebound. So I personally believe that we are still in the technical repair phase within a bear market structure, not the restart of a bull market. Moving forward, the focus should be on trading high positions. Remember, rebounds in a bear market are always used to reduce positions, not to chase longs!