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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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Good afternoon everyone!
There was basically no volatility over the weekend. This morning, it retreated to around 87,500 and started to rebound, reaching around 90,000 before beginning to fluctuate. Ethereum is similar, with a dip to 3,024 and a high of 3,149. From the weekly chart, the overall trend remains sideways, with no breakthroughs of support or resistance levels, so effective one-sided moves are unlikely. Just follow the trend and trade accordingly!
#BTC Currently, focus on 906 for Bitcoin intra-day, then 927. I believe that after a rebound, you shouldn't chase long positions. Consider shorting around 915-920, with a stop at 927. The target would be around 89-88. This is a short-selling strategy. For longs, consider entering at 893-895, expecting the price to go up, with a stop at 890. For now, the outlook is bullish. Only consider short positions at resistance levels. Pay attention to the levels I mentioned!
#ETH Ethereum is similar. Look for bullish opportunities between 3100-3115, with a stop around 3095. Target 3150-3200. Then consider shorting in the range of 3195-3225, with a stop at 3250. The target profit is 80-130 points!
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