Get ready to pack up and prepare to take action. Luckily, yesterday's low didn't rush into the market. I already warned yesterday that after observing for two days, there are clear signs of a rebound. This kind of market situation is just to trick people in and get them beaten. It has been giving you good opportunities to buy the dip. Once you buy in, you'll get beaten. Over these past two days, many traders probably haven't made a sound after being hit. This round of Bitcoin has already retraced nearly 20k points to around 63,000.

Now I increasingly believe that a 70k stop-loss is correct, watching the fight from the sidelines. At this position, it has already reached the weekly support level. The 62-63 range was previously a strong bottom. If it breaks below 60k, there is no support below.

Right now, there's no rush to enter. Try not to buy during a sharp decline. It is still gradually making new lows; wait for a rebound signal. Then you can get in. Once I notify you, it will be very difficult for Bitcoin to go below around 62.