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Gate Square | 2/5 Today's Hot Topic: #BuyTheDipOrWaitNow?
🎁 [Community Perk] Post with the topic or #BTC, 10 lucky users * $100 position Voucher.
Market volatility continues as BTC breaks below the $74,000 key support level, with altcoins pulling back in sync. Are you buying the dip in batches or waiting for a better entry point?
💬 Today’s Discussion:
1️⃣ Bottom Signals: Where do you see BTC’s bottom — $70,000 or lower?
2️⃣ Market Drivers: Which recent macroeconomic news or rumors are influencing the market?
3️⃣ Dark Horses: Are there any resilient or outperforming tokens worth watching?
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BTC is now hovering around 95000, yesterday morning's fall directly broke the previous low, fortunately, it rebounded a bit in the evening.
The four-hour chart still shows a bearish channel, with the three Bollinger lines tightly packed. Although the red bars of the MACD are tightening and the indicator seems to want to straighten out a bit, I think the main trend remains to bet on a fall after a rebound, which is safer. Stay alert to the resistance zone between EMA7 and EMA10, and you might consider reinforcing your position near the midline. The opening position for a sale will depend on the overbought state on the one-hour chart and the strength of the compression on the four-hour chart.
My plan is to position short sales near 97500, if it goes above 100000, I will increase my position, the goal is to aim first for the range 96400-95300, and if it really falls below 95000, it should be kept without moving. $BTC
#LaunchTokensOnSquareToGrab$1,000
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