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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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Bitcoin's auntie short position momentum is at its maximum, blindly closing eyes and catching money at high altitudes! Yesterday's synchronized layout resulted in perfect harvesting, with Bitcoin gaining over 6000 points, and the auntie gaining over 200 points, pocketing the profit directly to the maximum.
From the current market situation, the 4-hour chart shows the price repeatedly testing the middle band of the Bollinger Bands, all recording long upper shadow candlesticks. The upward attempts are met with resistance signals, followed by a wave of decline, and the bearish trend is officially established. The Bollinger Bands are diverging downward, with channel space continuously expanding, and the lower band extending downward simultaneously. Multiple technical indicators resonate bearish, and the bearish momentum continues to be released, making the subsequent downward trend clearly visible.
Bitcoin rebounds around 71800-72500 for short positions, targeting 70300-69300; if broken, continue to watch 68000.
Auntie rebounds around 2140-2190 for short positions, targeting 2060-2000; if broken, continue to watch 1930.