Garrett Jin: Bitcoin bulls are not in an optimistic position; the longer the bottoming-out phase drags on, the more likely support will be broken.
September 13: Garrett Jin, agent for the "BTC OG Insider Whale," shared his market view, stating that Bitcoin bulls are currently in a tough spot. BTC has been stuck above $76,500, and he dislikes this kind of grinding bottoming action. The longer it grinds, the more likely it is to break through this support and seek lower support, rather than reversing immediately. For Bitcoin to look stronger, it must at least first reclaim and hold above $78,300.