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BTC
Market update
Each cycle of the bear market has been a slaughterhouse, with back-and-forth liquidations to chase liquidity.
As a result, you can't tell whether a decline or rebound is truly the start of a new trend.
The first rebound after breaking 60K and the second rebound after the second test made the market easier to predict early on, but the later stages become more confusing.
Many believe that the recent drop from 69K is the start of a new cycle.
However, during the holiday, it held at 65-66K again.
If it quickly dips below 64K and then rebounds, it’s expected to push up to 72K to clear out the shorts before reversing again.
Be prepared to respond at any time!