#比特币反弹至8.3万美元
Bitcoin plunged 8,000 points, but I actually think an opportunity may have come around again.
A while ago, $BTC surged from $60,000 all the way to $87,000, gaining over 40% in a short time. Now, affected by various bearish factors, it has corrected by nearly 10%.
After such a big rise, a pullback is perfectly normal. There’s no need to call it a bear market every time prices drop.
I’m still somewhat optimistic about the market ahead, and in the long run I’m still looking at the $150,000–$200,000 range. In the short term, the key period to watch is late October, especially the market movements around the Fed’s rate meeting at the end of the month. If sentiment improves, another decent rebound isn’t out of the question.
When it comes to trading, I’d rather build a position in stages than go all in at once.
$82,500 is the first level I’m watching, and $80,500 is the next major support zone. After falling to around $80,000 earlier, BTC, ETH, and SOL all rebounded. Those with short-term positions entered at lower levels can consider taking profits in stages.
If the market goes on to retest the lows, we can watch for new opportunities then.
As for long-term positions, I don’t think there’s any need to be shaken into selling at a loss over short-term swings of a few thousand points. Of course, that assumes your position size is reasonable—especially since leverage should never be treated as insurance for a long-term hold.
The longer I’ve traded crypto, the more I agree with this saying:
Sell when the crowds are cheering; buy when nobody cares.
At $87,000, everyone was talking about hitting $100,000. Now that it’s fallen to around $80,000, people are starting to question everything.
The market is still the same market; it’s people’s emotions that change too quickly.
When others are panicking, I’d rather look for opportunities. When others are euphoric, I’d rather take some profits off the table.
Next, we’ll see whether the price can hold around $80,000. If it does and a rebound comes with strong volume, this correction could be the starting point for the next leg up.$BTC
Bitcoin plunged 8,000 points, but I actually think an opportunity may have come around again.
A while ago, $BTC surged from $60,000 all the way to $87,000, gaining over 40% in a short time. Now, affected by various bearish factors, it has corrected by nearly 10%.
After such a big rise, a pullback is perfectly normal. There’s no need to call it a bear market every time prices drop.
I’m still somewhat optimistic about the market ahead, and in the long run I’m still looking at the $150,000–$200,000 range. In the short term, the key period to watch is late October, especially the market movements around the Fed’s rate meeting at the end of the month. If sentiment improves, another decent rebound isn’t out of the question.
When it comes to trading, I’d rather build a position in stages than go all in at once.
$82,500 is the first level I’m watching, and $80,500 is the next major support zone. After falling to around $80,000 earlier, BTC, ETH, and SOL all rebounded. Those with short-term positions entered at lower levels can consider taking profits in stages.
If the market goes on to retest the lows, we can watch for new opportunities then.
As for long-term positions, I don’t think there’s any need to be shaken into selling at a loss over short-term swings of a few thousand points. Of course, that assumes your position size is reasonable—especially since leverage should never be treated as insurance for a long-term hold.
The longer I’ve traded crypto, the more I agree with this saying:
Sell when the crowds are cheering; buy when nobody cares.
At $87,000, everyone was talking about hitting $100,000. Now that it’s fallen to around $80,000, people are starting to question everything.
The market is still the same market; it’s people’s emotions that change too quickly.
When others are panicking, I’d rather look for opportunities. When others are euphoric, I’d rather take some profits off the table.
Next, we’ll see whether the price can hold around $80,000. If it does and a rebound comes with strong volume, this correction could be the starting point for the next leg up.$BTC