Recently, the trend of Bitcoin experienced a big dump before and after the new moon, washing out a round of people, and then slowly starting to rise; after AHR999 dropped below 0.5, the buy the dip volume also emerged, these are all typical phase rebounds, not a trend reversal.

During the bull market, everyone was afraid to take large positions, fearing they would miss out; when the bear market just started, people were hesitant to go heavy, worried that if they increased their positions, they would get buried. More importantly, many people didn't exit at the peak of the bull market and still have regrets. As a result, when they see Bitcoin rebound, they want to rush in to make a move, thinking they could either make a bit more profit or recover their previous losses.
But the problem is: the short-term market direction has clearly gone down, and this major trend cannot be reversed in the short term. I also admit that when Bitcoin rebounded from around 80,000 to 86,500, adding positions started to feel uncomfortable, especially after breaking through 87,000, where it has clearly become a resistance zone. Forcing positions here is just going against the trend.
The rebound I see has a range between 90,000 and 100,000, but breaking through 100,000 is very difficult. The range in my mind is roughly between 95,000 and 98,000, and at that position, I will sell some altcoins and open low-leverage short positions on $BTC in batches. #Gate广场圣诞送温暖