The current market situation of Bitcoin is a medium-term volatile trend. Basically, it goes up for one month and down for one month, and half a year has passed back and forth. If you magnify the cycle, it is like this. The upper resistance range is 70,000. Because of the liquidation problems such as contract explosions, the spikes sometimes fall below the new lows, but the overall framework is actually volatile, so it can continue to rebound every time. Therefore, there is no need to look closely to see whether the bottom has been broken or not. The previous observation is that it is expected to enter the main rising wave stage in the late bull market around November with an error of about one month. Before that, most people will be eliminated. Keep the spot, don't do contracts, and wait for the main rising wave.