Is the correction nearing its end?
As the Fed’s October policy meeting approaches, the market’s decline has gradually begun to slow. Today marks the close of the 7th 3-day candlestick for $BTC . It closed as a doji, while the previous candle was a bearish engulfing candle. This only indicates that the decline is slowing; it doesn’t mean prices have bottomed.
One thing we can be sure of, however, is that prices are now in the final stage of the correction. I still recommend holding on to the spot assets you bought earlier, even if you’re temporarily underwater—there’s no need to sell at a loss. In terms of timing, if prices rally back to 100K–95K, you should significantly reduce or exit your spot positions.
Support: 76K.
As the Fed’s October policy meeting approaches, the market’s decline has gradually begun to slow. Today marks the close of the 7th 3-day candlestick for $BTC . It closed as a doji, while the previous candle was a bearish engulfing candle. This only indicates that the decline is slowing; it doesn’t mean prices have bottomed.
One thing we can be sure of, however, is that prices are now in the final stage of the correction. I still recommend holding on to the spot assets you bought earlier, even if you’re temporarily underwater—there’s no need to sell at a loss. In terms of timing, if prices rally back to 100K–95K, you should significantly reduce or exit your spot positions.
Support: 76K.