Optimistically speaking, the market has been in extreme panic over the past month, with Google searches for "Bitcoin is dead" reaching a historical peak. Such sentiment is unlikely to remain at a low point for several months. Bitcoin has fallen for 5 consecutive months, Ethereum for 6 months, both reaching historic lows. When things are at their extreme, they tend to reverse. Although the bear market is still long-term bearish, there is also a need for a phase of rebound. The spring has been compressed to its limit for a long time, and the rebound strength is quite good.

I believe that with some further consolidation, there could still be a decent rebound in the first half of the year. After all, we still need to induce buying and trigger short squeezes. Additionally, if we don't seize the opportunity before the World Cup starts, attention and funds may never come back. So this is an excellent exit opportunity. I will still consider entering around the $60,000 level to try for a rebound. A clear break below $60,000 would be a good stop-loss point, making the risk-reward ratio worthwhile. We’ll see if this rebound can kick off next month. #比特币行情分析 $BTC