This Bitcoin rebound cycle is dead. In September, it slid all the way down from 81,000 to 78.3k, with each rebound high lower than the last, and volume just can’t be brought up—this is a textbook fall, not a pullback. Anyone still thinking they should console themselves by buying more because they’ve already been down too much is basically just handing money to the order book.
Around 78k, longs and shorts have been grinding for a few days, and the bears are clearly pressing down. First target below is 77k; once that breaks, don’t hesitate—the next one is 75k.
My take is very straightforward: don’t catch the falling knife for a long. If you want to enter, wait for a bullish candle with strong volume that shows a reversal and holds steady before acting. Catching a falling knife in a low-volume, drifting down move is using real money to fill the hole.
#比特币 #BTC #Market analysis
Around 78k, longs and shorts have been grinding for a few days, and the bears are clearly pressing down. First target below is 77k; once that breaks, don’t hesitate—the next one is 75k.
My take is very straightforward: don’t catch the falling knife for a long. If you want to enter, wait for a bullish candle with strong volume that shows a reversal and holds steady before acting. Catching a falling knife in a low-volume, drifting down move is using real money to fill the hole.
#比特币 #BTC #Market analysis