① From a time perspective, the drop from 98,000 to 60,000 has been too short—only about 40 days so far. Typically, it takes around 70 days, so the daily chart suggests that the decline is probably not over yet. ② Currently, the bear market position is similar to April 2022. Looking at the chart, you can probably tell where the bear market has reached. If it drops this month, it could be a good opportunity to buy the dip and prepare for a strong rebound. Consider accumulating more after August.
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BTC Mid-term View:
① From a time perspective, the drop from 98,000 to 60,000 has been too short—only about 40 days so far. Typically, it takes around 70 days, so the daily chart suggests that the decline is probably not over yet.
② Currently, the bear market position is similar to April 2022. Looking at the chart, you can probably tell where the bear market has reached. If it drops this month, it could be a good opportunity to buy the dip and prepare for a strong rebound. Consider accumulating more after August.