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Why go long now?
And let me break it down in detail.
The historical high point of Bitcoin is 126000.
The low point of this round of pullback is at 89000
That is to say, it has dropped 37,000 points.
approximately 30% decline
From the current overall market environment.
It's really a bit difficult to return to the highs.
Institutions are leaving one after another, and retail investors are unwilling to take over.
The bear market is an indisputable fact.
But what needs to be noted next is not whether it will continue to fall.
but when will a strong rebound occur to wash out the short positions
This is also why I have been firmly going long these past two days.
Make arrangements for a short position after reaching the key resistance level.
Follow me to stay updated on the latest market news.