Why am I long around 66,000?

Recently, both the US stock market and the crypto space have been declining, and the market is very pessimistic. But in my view, a rebound is brewing.

First, look at the monthly chart: Bitcoin has already experienced five consecutive down months. If it doesn't close above 68,000 this month, it will be six consecutive down months.

This kind of half-year decline has only happened once in history—2018. Starting in August of that year, Bitcoin fell for six months in a row until it finally bottomed out in January 2019.

What happened next? A violent rebound, five months of continuous gains (February to June), with prices soaring over 300%, regaining the 13,000 level.

History repeatedly proves: markets don’t only go down; they also go up.

So as long as 65,000 doesn’t break down solidly, I firmly believe in a rebound.

And one more thing you might not want to hear, but must: do you really understand how sneaky and ruthless the main players’ shakeouts are?

They insert false signals up and down, trigger rapid surges and crashes, leaving you no breathing room;

They lure you in one second, then dump and trap you the next;

If your mindset is even slightly weak, you can be crushed in an instant.

The news is even perfectly coordinated—sometimes full of bullish signals, other times smashing the market with bearish news.

Seemingly unpredictable fluctuations are all carefully designed traps.

Isn’t that exactly what recent market behavior has been?

Waiting until you despair, holding until you break down, then ruthlessly shaking you off. The main players want to wash you out until you doubt everything and bleed out.

And just when you’re completely defeated, liquidate your holdings, that’s when the market truly starts moving.

As soon as you hand over your chips, the market immediately reverses.