Bitcoin has completely fallen below the bull run lifeline of the 60-week line, with a nearly 10% drop on the weekly chart, a cumulative decline of 25% from the peak, a drop of 32,000 points, and short positions continuing to increase. Institutions are continuously dumping large amounts of spot. There are still 7 hours left in the weekly closing, and it is basically impossible to pump back above the 60-week line. The most likely scenario is an oversold rebound touching the resistance level of the 60-week line before continuing to fall, completely entering a Bear Market. The low probability scenario is a false breakout below the 60-week line, leading to a return to the bull run #当前行情抄底还是观望? .
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Bitcoin has completely fallen below the bull run lifeline of the 60-week line, with a nearly 10% drop on the weekly chart, a cumulative decline of 25% from the peak, a drop of 32,000 points, and short positions continuing to increase. Institutions are continuously dumping large amounts of spot. There are still 7 hours left in the weekly closing, and it is basically impossible to pump back above the 60-week line. The most likely scenario is an oversold rebound touching the resistance level of the 60-week line before continuing to fall, completely entering a Bear Market. The low probability scenario is a false breakout below the 60-week line, leading to a return to the bull run #当前行情抄底还是观望? .