I like the strength of the $BTC but structurally, it hasn't recovered yet. The momentum is still favoring bearish. Although like I said before, #Bitcoin may remain range bound between 65keks to 70 keks. At the least there is a weekly close over 69k, it would be difficult to change my bias.
Also, I think, at some point of time, we may see $BTC around 58k-55k and I do believe that would be the bottom. I don't know when, but I think the absolute bottom where I think I might buy some BTC is 55keks.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
I like the strength of the $BTC but structurally, it hasn't recovered yet. The momentum is still favoring bearish. Although like I said before, #Bitcoin may remain range bound between 65keks to 70 keks. At the least there is a weekly close over 69k, it would be difficult to change my bias.
Also, I think, at some point of time, we may see $BTC around 58k-55k and I do believe that would be the bottom. I don't know when, but I think the absolute bottom where I think I might buy some BTC is 55keks.