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Bitcoin's recent rebound isn't really meaningful. The upper left side has never broken through, essentially just moving within a range. Want to quickly break out into a trend? Not seeing it for now.
More importantly, the spot premium is still hovering below the 0 axis, which indicates what—there's still significant selling pressure in the spot market. Since buying interest can't keep up, the volatility will continue.
Here's an interesting comparison: the volatility at the beginning of the 2022 bear market lasted a full 120 days, whereas now it's been less than 60 days. From this perspective, even if there is a trend later, it will only be small-scale fluctuations. The market was already a bit tired, and now it has to keep enduring.
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Spot premium is still pressing down below, which is really painful, indicating that some people are still dumping.
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It's either range-bound oscillation or waiting for a trend. I'm really exhausted.
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Buyers can't keep up? Then this rebound isn't just a fake fall.
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Small-scale fluctuations don't mean much; it's better to wait for the next round.
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When will the market come? It's killing me.
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There is selling pressure in the spot market just sitting there; can't even go up.
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Just 60 days and already tired, if it continues like this, I’ll have to endure another two months.
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Don't talk about a rebound if it hasn't broken the previous high; it's all fake.
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This round is even earlier than the last one. Who knows, we might have to wait even longer.
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120 days vs 60 days, based on this logic, there really isn't much to look forward to. The market is tired, and so are we.
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Range-bound oscillation is like this; buying volume always can't keep up. Unless there's a breakthrough at a high level, it's just repeated cuts.
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The current market, frankly, is just a waste of time; the true trend hasn't arrived yet.
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With such heavy selling pressure, don't expect any big moves in the short term. Keep consolidating.
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Looking at this data comparison, it seems it might take even longer to break out this time. Annoying.
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It's another range-bound oscillation. When will this day come to an end?
Spot premium is still negative, no wonder it's been volatile. Looks like we need to keep holding on
120 days versus 60 days, at this pace, the next rebound might just be a mosquito leg market
Tired, but whatever, I'm used to it. Just treat it as playing Tai Chi with the market
Feels like it needs to consolidate for a while longer; buying pressure is too weak
The comparison between 120 days and 60 days is interesting, but I think times have changed, and this time it might not take that long.
The volatility is driving me crazy, just give us a direction already. People are almost falling asleep waiting.
Speaking of buy orders not being able to catch up and the price not falling further, this market really has no strength.
Range-bound oscillation tests patience the most, and there's a high chance of another wave of retail investors getting caught.
If it doesn't break through the high levels, there's no point in making moves. We've seen small fluctuations before, so it's no big deal.
With such heavy spot selling pressure, is there any support below? It feels like the space is limited.
We've been tired of the fluctuations for a long time now. Continuing to hold doesn't have much to look forward to, and buying pressure simply can't sustain it, so we'll just wait.
The left side can never be broken; this is just a trap. Range-bound oscillations can be exhausting.
Entering now is just to eat the volatility; there's no point.
Hovering below the 0 axis... with such heavy selling pressure, the rebound is just a fleeting moment.
The 120-day wave hasn't ended yet; history tends to repeat itself, and this time it might be even more intense.
If buying pressure can't hold, just keep falling; what's the point of a rebound? Still, better to keep waiting.
Wait, the part about spot premium being negative is interesting; the selling pressure is indeed still fierce.
I'm really tired of the range-bound oscillation; it's too exhausting.
Basically, there's no direction, right? Sideways trading is the most annoying.
Entering now might just be catching a flying knife, let's see what happens.
This rebound really isn't attractive; wasting time is indeed a fact.
It's been such a long bear market, when can we finally take a breather?
The premium is still negative, indicating that big players are also uncertain.
Not breaking the high is a rebound, but don't treat it as a bull market to speculate.
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120 days vs 60 days, still need to endure. Who can stand such market turbulence?
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Range-bound, buying momentum can't keep up. This rebound really doesn't look promising.
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Spot market is under selling pressure, no wonder it can't go higher. Need to wait for this wave of momentum to dissipate.
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Another long period of consolidation ahead? Forget it, better wait and see.
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The left side has never broken through, indicating that the main players haven't decided how to proceed.
The 120-day reference came just at the right time, do I still have to keep wasting time? Forget it, I choose to lie flat.
Spot premium is hovering below the zero axis, in simple terms, no one really wants to take the plunge, retail investors are sleepwalking.
Range-bound oscillation is so annoying, it's better to wait for a clear signal before making a move.
With such heavy selling pressure, there's no consensus on the bottom yet, what's the rush?
It feels like the market is already exhausted, who can bear to keep going like this?
Is this the extent of the rebound? I don't believe it can break through the high on the left side, might as well keep watching the show.