đ Bitcoin near $68K. Buy the dip or wait?
My November 14 Binance snapshot showed $BTC at $68,206, down 3.70% over 24 hours and 16.66% over 30 days. On the daily chart, BTC was below its 7-day, 25-day and 99-day moving averages. That makes me cautious about calling a bottom.
đ Two levels Iâm watching
đť $67,568 was the 24-hour low. If BTC closes below it on the daily chart, Iâd watch for further downside.
đş $71,234 was the 24-hour high. If BTC gets back above it and holds, that would give the rebound more credibility.
For a short-term spot trade, Iâd wait to see whether buyers can hold the recent low or reclaim the 24-hour high. For a long-term position, spreading purchases over time can reduce the risk of putting the whole budget in at one price. BTC can still fall further.
đłď¸ What would you do here?
1ď¸âŁ Buy a small amount now
2ď¸âŁ Wait for BTC to reclaim $71,234
3ď¸âŁ Stay on the sidelines for now
#BTC #bitcoin #SpotTrading #BinanceSquare
$BTC #USPPIMissMayEaseBTCPressure
My November 14 Binance snapshot showed $BTC at $68,206, down 3.70% over 24 hours and 16.66% over 30 days. On the daily chart, BTC was below its 7-day, 25-day and 99-day moving averages. That makes me cautious about calling a bottom.
đ Two levels Iâm watching
đť $67,568 was the 24-hour low. If BTC closes below it on the daily chart, Iâd watch for further downside.
đş $71,234 was the 24-hour high. If BTC gets back above it and holds, that would give the rebound more credibility.
For a short-term spot trade, Iâd wait to see whether buyers can hold the recent low or reclaim the 24-hour high. For a long-term position, spreading purchases over time can reduce the risk of putting the whole budget in at one price. BTC can still fall further.
đłď¸ What would you do here?
1ď¸âŁ Buy a small amount now
2ď¸âŁ Wait for BTC to reclaim $71,234
3ď¸âŁ Stay on the sidelines for now
#BTC #bitcoin #SpotTrading #BinanceSquare
$BTC #USPPIMissMayEaseBTCPressure
