The monthly Bitcoin chart indicates a downward space; the weekly chart establishes a bearish trend, while the daily chart controls short-term entry and exit rhythms. Overall, the main direction of the market remains a downturn in search of a bottom. From the BTC weekly pattern, the downtrend is obvious, making it difficult to understand why many bloggers still promote entering to catch the bottom.

If you are convinced that 60,000 is the bottom of this bear market, you may be overly optimistic. Previously, MicroStrategy sold 32 BTC, which seemed like sporadic sales but actually broke the long-standing logic of holding without selling. Small-scale selling is merely the beginning of testing the market; with upcoming dividend payouts and debt turnover pressures, the probability of gradual reductions in holdings continues to rise. This heavily invested whale may become a potential bearish force suppressing the market, and future downside space should not be underestimated.

BTC's rebound strength is below expectations, only testing 68,100 before turning downward again. The originally anticipated pullback area around 68,500 is now expected to fall further, and the market's actual weakness exceeds expectations, likely heading straight for the 65,000 Fibonacci 0.786 key support. Only upon reaching this level will a slight repair be possible.

At this stage, all rebounds are a window for high short exits and trend-following layouts, with 60,000 and 45,000 still being key mid-term targets. If the price rebounds to around 68,500 in the future, one may consider positioning short, with the first take-profit anchored above 60,000.

When the market reaches the 60,000 mark, a phase rebound will occur, with the rebound peak estimated around 65,000; after this round of rebound ends, bears may exert force to break through 60,000, causing a large outflow of bottom-catching chips and long stop-losses, further accelerating the market's downward trend.

The recent trends align with predictions, continuously indicating that it is not time to catch the bottom; rebounds should only be shorted, and the market is oscillating down as expected. Following the ideas presented has yielded gains; for more detailed guidance, one may join the membership, while regular friends can continue to view ideas for free.

Public Account: Big Bull Discusses Market

Disclaimer: The content is solely a personal review of the market and does not constitute any investment operation advice. Market fluctuations are large, and profits and losses are borne by the individual.

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