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📌 Notes
Hashtag #MyCryptoFunnyMoment is requi
BTC officially dips below $100K - to be honest, there may be some truth to the Bear Market here.
Eugene Ng Ah Sio's dip feels different: the 50-week moving average has turned negative for the first time since 2022, which essentially means the last defense line of the Bull Market has been completely breached. And what about that $100K level? It had held for 3-4 times before, but this time it finally broke. Now it's enemy territory - it will become new resistance on any rebound.
The psychological harm is real. $100K is not just a number; it is a checkpoint for *morale*. Losing it changes the entire atmosphere from "When the moon" to "Well, maybe we should hedge."
So what should we do now? Either this is the capitulation bottom ( buying dip energy ), or we will experience a slower downward process. The market may test lower support levels before any real reversal.
How is your position? Are you still continuously buying or taking profits?