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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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Today I took a serious look at the liquidation chart. From the chart, even if BTC drops to 63,000 USDT, it can only liquidate 30-40 million USDT worth of long leverage. In this bear market atmosphere, almost no one is going long;
But if BTC rises to around 76,000 USDT, it can liquidate over 2 billion USDT of chasing shorts.
Comment: Shorting is not wrong, but be aware of the risk of upward short squeezes. If there is an upward spike, the odds of shorting successfully in the 75,000-78,000 range are very high! Let's look forward to tonight's big move!