$BTC Don’t try to call the bottom! This market is a cure for itchy trigger fingers. In a choppy market, whatever you do, don’t buy the dip! If you can’t keep your hands to yourself, your wife will twist your ear.
Bitcoin ETFs saw another $410 million in outflows last night—two straight days of heavy bleeding. Ethereum followed with over $90 million in outflows. Remember what I said on 10/30? Bitcoin still had to drop to $75,000 before it would find support. You can say I was just lucky to guess right, but why did the price stop falling right at $75,000 and start bouncing? Doesn’t that show it’s a support level? That day’s strategy had 3,000 points of profit potential. A lot of people missed it, but some definitely got in and made money.
What should retail traders do now? Can we buy the dip?
Don’t assume that because it’s fallen a lot, it must be at the bottom! This dead-fish market really messes with your head: you think it’s the bottom, buy in, and get stuck holding the bag; you wait for a crash, and instead it just moves sideways. It’s designed to punish itchy trigger fingers and stubbornness!
Remember the current price levels: in a choppy market, don’t even think about buying the dip! Bitcoin has no chance of a reversal unless it can hold above 78,000. In the short term, expect it to swing between 78,000 and 74,000. Ethereum is even weaker—if it can’t hold 2,200, it’ll have to look for support at 2,000. Share your thoughts: “Zhuque Fortress” #BTC #比特币ETF净流出4.12亿美元
Bitcoin ETFs saw another $410 million in outflows last night—two straight days of heavy bleeding. Ethereum followed with over $90 million in outflows. Remember what I said on 10/30? Bitcoin still had to drop to $75,000 before it would find support. You can say I was just lucky to guess right, but why did the price stop falling right at $75,000 and start bouncing? Doesn’t that show it’s a support level? That day’s strategy had 3,000 points of profit potential. A lot of people missed it, but some definitely got in and made money.
What should retail traders do now? Can we buy the dip?
Don’t assume that because it’s fallen a lot, it must be at the bottom! This dead-fish market really messes with your head: you think it’s the bottom, buy in, and get stuck holding the bag; you wait for a crash, and instead it just moves sideways. It’s designed to punish itchy trigger fingers and stubbornness!
Remember the current price levels: in a choppy market, don’t even think about buying the dip! Bitcoin has no chance of a reversal unless it can hold above 78,000. In the short term, expect it to swing between 78,000 and 74,000. Ethereum is even weaker—if it can’t hold 2,200, it’ll have to look for support at 2,000. Share your thoughts: “Zhuque Fortress” #BTC #比特币ETF净流出4.12亿美元
