Today, Bitcoin and our $ETH both experienced a rebound. Short-term, it's mainly suitable for short positions!

If the price continues to fall, I will close my positions and open a grid, and I believe the bottom is about to be formed!
Let me explain the reason, taking $BTC as an example.
After reaching a new high in October last year, it entered the first phase: a sharp decline!
The second phase was sideways consolidation, lasting until the end of January this year, with the average market price around 7.9.
Now entering the third phase, it is gradually approaching $60,000! Most likely, it will oscillate between $60,000 and around 7.9, followed by one last drop!
Looking at the 2022 K-line again, it is very similar to our current situation.
History does not repeat, but it often rhymes! The same was true in 2022, after a sharp decline, sideways consolidation, then a downward move in the third phase!
It then consolidated for a long time before entering a bull market, so the third phase is coming soon, and the trend is about to emerge. The bottom is also about to be formed!