If you're still averaging down on every Bitcoin dip without a strategy, stop now.
Too many traders lose money FOMO buying $BTC at local tops then panic selling when it corrects 10-15 percent. They get wrecked not knowing when to exit positions.
The market is split on Bitcoin's next move. Bears see the rejection from $98,000 and $2 billion in recent ETF outflows as a signal to test $75,000 support. They claim whale distribution is underway.
Bulls highlight that the 200-day moving average is holding and more than 18 million $BTC remain in profit. Long-term accumulation increased 5 percent last quarter while $ETH and $BNB followed with similar inflows.
I am siding with the bulls on this one. The setup looks like consolidation before another push higher rather than a reversal. Next likely target sits around $105,000 if buyers step in.
Where do you think this goes from here?
#Bitcoin #BTC #CryptoTrading
Too many traders lose money FOMO buying $BTC at local tops then panic selling when it corrects 10-15 percent. They get wrecked not knowing when to exit positions.
The market is split on Bitcoin's next move. Bears see the rejection from $98,000 and $2 billion in recent ETF outflows as a signal to test $75,000 support. They claim whale distribution is underway.
Bulls highlight that the 200-day moving average is holding and more than 18 million $BTC remain in profit. Long-term accumulation increased 5 percent last quarter while $ETH and $BNB followed with similar inflows.
I am siding with the bulls on this one. The setup looks like consolidation before another push higher rather than a reversal. Next likely target sits around $105,000 if buyers step in.
Where do you think this goes from here?
#Bitcoin #BTC #CryptoTrading
