Has BTC reached a temporary bottom?
1) The daily chart shows a downtrend, and while there hasn't been a significant volume spike, it is approaching the densely traded area near 68,000;
2) The order book is starting to show large buy orders, indicating that bottom-fishing is entering the market;
3) On the four-hour chart, there is still no sign of bullish volume or absolute strength from the bulls;
Based on the large buy orders in the order book, a temporary bottom is likely approaching, estimated around 68,000, just waiting for bullish signals. I believe that if Bitcoin drops to around 68,000, we will see a significant rebound, with an estimated peak around 80,000.
Friends, be prepared to enter for short-term bottom-fishing of BTC or to take small positions to go long on BTC.