Are the bros all starting to buy the dip? Is this the bottom yet? This morning, it accelerated downward to 60K (some spot prices even hit the 50K range). Saw quite a few bros starting to buy the dip. For spot positions, dollar-cost averaging below 60K to buy the dip is totally fine. It’s just 30K away from 30K, but 60K away from the previous high. Sounds like a good deal when you think about it, and more importantly, it’s about faith. But when it comes to trading, objectively speaking based on the market trend: Right now, it’s a natural rebound after a sharp drop. There’s no signal of a bottom or reversal of the bearish trend yet. It’s still in a deleveraging liquidation phase—this is just a corrective rebound. For intraday trading, focus on shorting the rebound. Today, watch for shorts around 66-67K, and stronger rebounds around 68.8-70K for short opportunities. If it stabilizes above the 68.8-70K range, then we can look further upward to 72K. ETH needs to stabilize above 2000 before considering a bottom structure and a signal to go long. If there’s a second test and it holds at 60K, then we might see a period of bottom-range consolidation. Initially, we’ll watch where the natural rebound high point is to define the range. In summary, starting to buy the dip for spot positions is fine, but I wouldn’t chase highs with contracts. $BTC $ETH