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Personally, I think we can look for a short-term rebound here (I remain bearish on the long term). Binance's strategy is generally not to play all its cards at once. Referring to the short-term market movement of Binance Life last time, it first reached the bottom, and then Binance started playing its cards:
1. Listing Binance Life spot;
2. CZ announcing his book release and increasing interaction and exposure on Twitter.
After playing these two cards, the divergence between bulls and bears was still very significant.
Then the foundation bought into Binance Life, generating buzz and bringing some short-term meme-driven price movements. Therefore, I tend to think Binance will take other actions or plans to drive a market price rebound.
Regardless of whether people like Binance or how much criticism they have, Binance is still the exchange with the most money.
This buying action is similar to Buffett returning to the stock market and openly building positions.
Currently, because BTC has fallen too much, the divergence between bulls and bears is still significant.
Difference means opportunity, and I will be responsible for my investments.

UNICORN
@UnicornBitcoin
02-02
币安 SAFU Fund 的 10亿美金购买 $BTC 计划
第一笔 1亿美金购买了 1315 $BTC 已经完成
这底抄的
真 TMD 牛逼
监控链接
https://intel.arkm.com/explorer/address/1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD…
币安 SAFU Fund 地址
1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD

Of course, if I were to set a stop-loss, I'd estimate around 74,000-75,000.
Because if it falls below the previous pullback low, I'd have to get out.
After that, I'd have to be purely conservative. Withdrawing funds is pointless; it's unplayable.
Bro, my stop-loss is set near my break-even point, where I have a small profit margin.
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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