Checking the charts this morning, BTC is hovering around 75,950, down less than half a percent over the past 24 hours. It looks pretty calm. I looked back at the last few daily candles: yesterday it slid all the way to 75,208, then dipped to a new low of 74,888 early this morning before going quiet. It can’t seem to bounce, just grinding sideways around 75,000.
Honestly, this kind of price action is the most painful. At least with a crash, you know what to panic about. This slow drift downward, shaving off a little every day, just wears you down. Sixty days ago it was still above 87,000. Now it’s nearly 13,000 off the highs—looking back, it’s been downhill all the way.
I haven’t touched my position or added to it. Not because I have a clear read—I genuinely don’t know what to make of this. For it to go up, it needs volume; on the way down, there always seem to be buyers stepping in. So it just keeps dragging on. I’m sitting tight for now and seeing whether it can get back above 76,000. If not, I’ll keep waiting.
$BTC #Bitcoin
Honestly, this kind of price action is the most painful. At least with a crash, you know what to panic about. This slow drift downward, shaving off a little every day, just wears you down. Sixty days ago it was still above 87,000. Now it’s nearly 13,000 off the highs—looking back, it’s been downhill all the way.
I haven’t touched my position or added to it. Not because I have a clear read—I genuinely don’t know what to make of this. For it to go up, it needs volume; on the way down, there always seem to be buyers stepping in. So it just keeps dragging on. I’m sitting tight for now and seeing whether it can get back above 76,000. If not, I’ll keep waiting.
$BTC #Bitcoin
