9.7 Time is running out for the bulls I know all the KOLs in the Chinese and English crypto communities are shouting that time is running out to buy the dip, but my perspective is that time is running out for the rebound. 1. Sentiment-wise, unanimous bullishness has never marked a bottom. The massive liquidation and the Greed & Fear Index hitting as high as 74 both indicate strong bullish sentiment. 2. In terms of liquidity, South Korea has already raised interest rates, Europe is about to hike rates on the 10th, and the Fed raising rates this year is only a matter of time. 3. Related markets: gold has pulled back after a major bull run, and the stock market is near its peak. 4. On the charts, there’s been no effective breakthrough above 83,000 for a while now. Looking at everything comprehensively, the conditions for starting a new bull market are not in place—this is just a rebound. 76,000 will serve as the bulls’ final line of defense. If it’s broken, it will signal the end of the rebound and the continuation of the bearish trend.