After last night's data, Bitcoin rebounded again and stabilized at 70,000.

I believe that friends who continue to pay attention should remember that from the end of March to now, I have recharged your faith many times during the decline.

At present, the faith recharge is good.

But am I a die-hard bull?

Not so. The road is fifty, and the sky is forty-nine. Everything has a cycle, and the financial market is the same. The market goes from prosperity to decline, and from decline to prosperity. It is a process. I don’t think Bitcoin will not fall, but I think it’s not the right time yet.

Just like Bitcoin is rebounding now, many people have optimistically seen 80,000? 100,000?

But I may tell you that you should not blindly fomo first. In the rebound, the key resistance level has not been broken. In yesterday’s data, I saw a large outflow of US funds. Although there are several short-term rebounds, more data is still needed.

After the CPI data was released yesterday, I said at the time that negative news would lead to a rebound in sentiment. Of course, there is no problem for spot traders, but contract traders should pay attention to their own methods and approaches, such as how to find a position to open a position at key support, how to stop profit at resistance or continue to hold, which all need to be focused on.