The recent trend of Bitcoin has already fallen below the original upward channel. It now seems that the most reliable method of judgment is to wait for a second bottom signal.

The speed of the first round of fall was quite fast, belonging to the type of accelerated decline. Next, there should be a rebound in the small cycle, but don't get too happy too soon—after the rebound, there is likely to be a second wave of accelerated sell-off. In my personal judgment, this low point is very likely to be around 83000, which just happens to correspond to the key dividing line and also fits the technical characteristics of a second bottom test.

So focus on the price level of 83000 below, and consider buying in batches!

BTC-7.18%

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GateUser-1a2ed0b9

· 12h ago

83000 is indeed an interesting point, but I always feel it will fall through. When the rebound comes, don't be in a hurry to buy the dip; I've seen this routine too many times. It's okay to buy in batches, just afraid it keeps getting hammered down... Let's wait and see if there will be a second test; don't be fooled by the rebound. This wave is a bit fierce; it feels like we haven't hit the bottom yet.

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