$BTC Settlement this Friday. Based on this week's performance, the bulls have shown signs of entering the market, so Q2 will mainly focus on short-term long positions. As previously emphasized, Bitcoin should at least rebound to around 83,000 before considering short positions. The reason is that 83,000 is a key Fibonacci 0.618 level. From this decline starting at 120,000, it should theoretically stabilize near the 0.618 level, but due to the excessive selling pressure from bears, an effective rebound failed to form. Now that the bears are entering a consolidation phase, the bulls will inevitably seize the opportunity to reclaim this level, making 83,000 an appropriate entry point for short positions.

Altcoins have recently shown signs of recovery. Those holding positions should patiently hold steady.

$DOGE On the daily chart, MA5 has successfully crossed above MA30, and a rebound to the 0.15 level is likely in the near term.

$BNB There is a high probability of returning to the $800 level before June.