As Bitcoin and Ethereum make their way back to the door, this is already the third time such a trend has occurred. The entire market shows clear signs of bottoming out, but the rebound has struggled to break through the bottleneck for a long time. At this point, it is important to watch out for larger-scale corrections.

Do you know why Bitcoin hasn't recovered since dropping from over 120,000 USD in October? From a macro perspective, it’s easier to see the fundamental reasons:
The cryptocurrency market has fallen by about 1 trillion USD from its peak. Most of the core reasons are caused by major events: delays in Federal Reserve rate cuts, Trump’s tariff issues, and the market entering a “consolidation winter” phase in December. Price performance has lagged behind traditional assets, creating a contrast with weak prices. Investor sentiment is defensive, focusing on long-term holding rather than short-term speculation. Currently, Bitcoin is in a bottoming-out consolidation phase. From a long-term financial management perspective, Bitcoin still offers a very high cost-performance ratio, so for crypto enthusiasts, this is a very good entry opportunity.

As a trader, dollar-cost averaging into spot and going long on spot are both fine. Be cautious with contract trading, especially when there is no breakout or trend reversal. Anyway, shorting is definitely not a wise move.