If you're still panic selling every 2% dip, stop now.
Crypto traders keep getting burned by dumping bags right before major events, locking in losses while missing the rebound that follows. FOMO buying the previous highs then selling the lows is a cycle that never ends well.
The total market just fell about 2% with $BTC dropping below $76,000 as investors prepare for two major events. Some see this as the beginning of a larger correction and are heading to the sidelines. Others view it as a healthy shakeout that often precedes a strong move higher once the news drops.
I am leaning toward the second camp. These pre-event dips in $BTC, $ETH and $BNB have historically been buying opportunities more often than not, though timing the exit remains the hardest part.
Where do you think this goes from here?
#Bitcoin #CryptoMarket #Trading
Crypto traders keep getting burned by dumping bags right before major events, locking in losses while missing the rebound that follows. FOMO buying the previous highs then selling the lows is a cycle that never ends well.
The total market just fell about 2% with $BTC dropping below $76,000 as investors prepare for two major events. Some see this as the beginning of a larger correction and are heading to the sidelines. Others view it as a healthy shakeout that often precedes a strong move higher once the news drops.
I am leaning toward the second camp. These pre-event dips in $BTC, $ETH and $BNB have historically been buying opportunities more often than not, though timing the exit remains the hardest part.
Where do you think this goes from here?
#Bitcoin #CryptoMarket #Trading
