Bitcoin has fallen below 75,000, but don’t rush to buy the dip
Based on closing prices, $BTC was still around 80,300 on November 4. Now it’s around 74,700, down about 7%; last night it hit a low of 73,500. $ETH is weaker, falling from 2,426 to around 2,120, a drop of more than 12%. $BNB has held up better, falling from 716 to 684, a pullback of only about 4.5%.
The Fear and Greed Index is now at 28, in the fear zone, but not yet in extreme fear.
My personal take:
• 73,500 was last night’s low. If it breaks below that, look for lower support; if it holds, we can watch for signs of stabilization.
• Altcoins are falling harder than Bitcoin. Don’t use leverage to catch a falling knife in this kind of market.
• If you’re holding spot, buying in batches is safer than going all in at once.
Are you holding through this move, or have you gotten out for now?
This is just my personal note and does not constitute investment advice.
Based on closing prices, $BTC was still around 80,300 on November 4. Now it’s around 74,700, down about 7%; last night it hit a low of 73,500. $ETH is weaker, falling from 2,426 to around 2,120, a drop of more than 12%. $BNB has held up better, falling from 716 to 684, a pullback of only about 4.5%.
The Fear and Greed Index is now at 28, in the fear zone, but not yet in extreme fear.
My personal take:
• 73,500 was last night’s low. If it breaks below that, look for lower support; if it holds, we can watch for signs of stabilization.
• Altcoins are falling harder than Bitcoin. Don’t use leverage to catch a falling knife in this kind of market.
• If you’re holding spot, buying in batches is safer than going all in at once.
Are you holding through this move, or have you gotten out for now?
This is just my personal note and does not constitute investment advice.