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Recently, this round of BTC Rebound seems to be about to fizzle out. Target price? Forget it, it looks like it still has to continue its downward movement for a while.
Here's an interesting thing - it is said that a certain big shot's son made 170 million USD in just seven days during this fall. Institutions are indeed buying the dip, but the problem is that retail investors have long run out of ammo and are left with empty pockets. Without money to buy in, how can the market be pushed up?
Personally, I think that instead of chasing prices in this market, it's better to set up a grid between 70,000 and 90,000 and take advantage of the price fluctuations. After all, in this kind of volatile market, stable arbitrage is the key.