Many people would panic here, but I am not selling.
Why?
1. My cumulative PNL is still +$0.29 (+0.15%) 2. Bitcoin always shakes out weak hands before the big move 3. I am holding for long term, not for 1-day profit
My strategy is simple: Hold, Don't Panic, Buy The Dip.
Bitcoin has fallen many times before, and every time it came back stronger. This time will not be different.
If you are also holding BTC, are you in profit or loss right now?
Comment your average buying price below. Let's see who is the real holder.
Price is around $73,800 right now. Down almost 6% this week, and Fear & Greed is at 29 - Fear.
Everyone is panicking, but let's look at facts:
1. BTC is still holding above $73,000 support 2. Dominance is still near 59.7% - money is NOT leaving BTC, it's just waiting 3. RSI is near 32 - same zone where BTC bounced many times before
This is NOT a buy or sell signal.
My simple plan: - No FOMO, No Panic Sell - If $73,000 breaks, next watch is $69,000 - If $73,800 holds, first target is $75,700