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62,000 has been reached, but the downward trend is far from over: following the trend is the only way out in this market cycle!
Sure enough, today Bitcoin hit 62,000 as expected!
This is not a coincidence, nor is it some black swan event, but an inevitable result of market cycle evolution. While the market still fantasizes that “a second bottom is the bottom,” smart money has already seen through a fact: the real decline has just begun.
Why is there still plenty of room to fall?
1. Dollar-cost averaging still has strength, but cannot resist the flood of selling pressure
Don’t be naive enough to think that daily small investments can support the market. When whales and large investors start distributing chips, and ETF inflows slow down or even turn negative, those tiny retail investments are just a drop in the bucket. The existence of the dollar-cost averaging army itself indicates that the bottom has not yet arrived—history repeatedly proves that the market will never let most people catch the true bottom.
2. Technical patterns have broken, and the trend will not stop abruptly
From 98,000 down to now, the market has almost no significant rebounds. This is not a simple correction but a complete reversal of the trend. Every technical resistance only accumulates momentum for the next wave of deeper declines.
3. The time dimension has not yet been reached
If you ask me when the decline will end, my judgment is: at least until October. This is not a random guess but a comprehensive deduction based on historical cycle laws, macro event timelines, and the time needed for market sentiment to recover. There will be rebounds along the way, but the overall direction remains downward until the last bulls are thoroughly shaken out.
Why do I recommend shorting? It’s not that I don’t believe in Bitcoin’s long-term future. Precisely because I am optimistic about the long term, I believe it’s even more important to follow the market during the decline.
Shorting is not a betrayal of faith but a respect for the market. Short first to preserve capital and accumulate profit chips during the downtrend; then, once the market is thoroughly washed out, calmly buy back cheaper chips with those profits. This is the correct rhythm to navigate through bull and bear markets, not clinging to positions and waiting anxiously for a “short squeeze.”
The decline will not be straight down; there will be rebounds and traps to lure in longs! But 62,000 is not the bottom. Before October, every rebound is an opportunity to set up short positions. Control your position size, don’t gamble your life, hold lightly, and let time work in your favor. While most people are still hesitating whether the bottom is in, a few are already preparing for the next wave of decline!
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