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I think everyone is still too optimistic. Right now, Bit’s top is 126,000, and even a pullback to 6W is only 50%. In the previous rounds, the pullbacks were 94%, 87%, 84%, and 77%, gradually narrowing.
So we can make an assumption: if this round pulls back by 60%, it would be around 5W. Personally, I think that’s already conservative enough. So the bottom-fishing position should be at least at 5W, or even lower. #BTC