I just noticed that Bitcoin's recovery is showing clear signs of slipping down. Although the price has now risen to around $77.7k USD, looking back at the past few weeks, this recovery slide indicates a fundamental issue: investors are not truly confident in the upward trend. On-chain data shows many people are in loss positions, and when the price recovers slightly, they rush to sell to cut losses. This creates a difficult cycle for recovery slides—each price increase is an opportunity to sell rather than to continue upward.

Analyst Willy Woo made an interesting comment about this situation. He warned that the current recovery slide pattern could lead to a major crash. The market is very exhausted, with both spot and futures showing signs of weakness. This makes me and other traders reconsider our positions. The support target at $60k USD remains very important to monitor because if it breaks below that, recovery slides could turn into a true downtrend.

In fact, with these on-chain losses, I am adopting a more conservative strategy. Instead of participating in every recovery, I wait for clearer signals. Recovery slides like this tend to last longer and test multiple times, so patience and waiting for stronger confirmation is the best approach. If BTC cannot break through key resistance levels, this recovery slide might just be a false move before the price drops again. Therefore, tight risk management and not being too greedy are key at this moment.