Bitcoin has completely fallen below the bull run life line of the 60-week line, with a weekly drop of nearly 10%, accumulating a decline of 25% from the peak, a drop of 32,000 points, and short positions continuing to increase with higher trade volumes. Institutions are continuously dumping a large amount of Spot, and there are still 7 hours left in the weekly closing, making it basically impossible to pump back above the 60-week line. The most likely scenario is an oversold rebound touching the resistance level at the 60-week line before continuing to fall, fully entering a Bear Market. The low probability scenario is a false break below the 60-week line, pumping back up to 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 life line of the 60-week line, with a weekly drop of nearly 10%, accumulating a decline of 25% from the peak, a drop of 32,000 points, and short positions continuing to increase with higher trade volumes. Institutions are continuously dumping a large amount of Spot, and there are still 7 hours left in the weekly closing, making it basically impossible to pump back above the 60-week line. The most likely scenario is an oversold rebound touching the resistance level at the 60-week line before continuing to fall, fully entering a Bear Market. The low probability scenario is a false break below the 60-week line, pumping back up to return to the bull run #当前行情抄底还是观望? .