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BTC daily-level rebound observed
Daily indicators suggest BTC is about to bounce, possibly testing the upper resistance zone of $65-67K.
But it's only a rebound, not a reversal. Where it rebounds to doesn't matter; what matters is it will break to new lows.
On June 25, BTC dipped to $58.1K, breaking the previous low of $59.5K on June 5. The volume inside the blue box below is very low, clearly not the real bottom.
This market is a 10x leverage, 100x leverage casino where gamblers run wild. A true bottom will inevitably involve massive long liquidations. When you see a new low with abnormally shrinking volume, it's not the real bottom.
After the rebound, it will continue to fall. Keep watching the $50-55K range, or even $45-50K.
Be patient. Being in cash and watching the drop is not necessarily a bad thing.