11.19 Entering a rebound cycle 1. The $BTC 89,000-75,000 range is the chip zone of the previous major low. It won’t break down all at once. There will be a decent rebound for sufficient chip turnover before it’s possible to break down. 2. Yesterday, $BTC closed with a bullish reversal candle after testing the bottom, and MSTR also closed bullish, indicating a need for a rebound. However, with this level of decline, there will be multiple downward wicks to sweep liquidity, but the downside space is limited. In the next one to two months, we’re entering a rebound cycle.