The dream should wake up. Two weeks ago, Ethereum at 3400 seemed like a fleeting dream. Yi Lihua was full of ambition, but looking back, it has already dropped to 2100. Institutions are bleeding, whales are liquidating. What should we do next?
1. First, the current bottom-fishing force has entered the market. The Binance SAFU fund has just purchased 100 million USD worth of Bitcoin, and another 900 million will be bought in about 20 days. Can $BTC rebound?
2. Shu Qin mentioned before that Bitcoin around 75,000 was the bottom of last year's decline, and there is some support here. I told everyone to rebound here. Currently, Bitcoin has rebounded to 77,000, making a decent profit, but the ideal rebound position is close to 80,000. At that point, one can exit or even short a bit. $ETH
3. Jumping out of the crypto circle, the US stock market has become a concern for institutions. The demand for a correction is increasing, and precious metals have already dragged down the market. If the US stock market continues to correct tonight, this may temporarily slow down the pace of correction in the crypto circle. However, as long as Bitcoin does not drop below 74,000, I think the probability of this rebound being successful is quite high. At worst, it will drop below the stop-loss, exchanging a small loss for a larger rebound, which is a favorable risk-reward ratio.
4. In the long run, the crypto market still hasn't hit bottom. The pressure from US stock market corrections combined with the fact that interest rates won't drop in the next 4 months adds downward pressure. The bottom is still looking at 50,000 to 60,000 first. Successfully bottom-fishing will be our biggest opportunity this year.
5. Recently, Shu Qin has been guiding everyone to lay out long-term short positions, as shown in the picture, escaping at the highest point of Bitcoin and shorting all the way down, making 100,000 USD in two weeks. The capital for bottom-fishing has become more substantial, continuously rolling snowballs. In four years, we will meet at the peak in the next bull market!

