At this level, I actually don’t find it quite so scary anymore. $BTC reports 74,161.3, down 2.31% for the day and just one step away from the 14-day low of 73,510.
This kind of decline doesn’t look like a panic-driven sell-off. It’s more like slowly boiling a frog: prices ground lower all day, the Fear and Greed Index has already fallen into the fear zone, and plenty of people in the market are scared. But if you ask whether anyone is fleeing at any cost, we haven’t seen that telltale massive red candle. That’s what makes this so grueling—you don’t know whether to leave or stay.
If I had to choose, I’d lean more toward waiting and watching. But if it can’t hold above 73,510, none of that matters. If it breaks below 73,510, I’ll change my mind immediately. Talking about buying the dip then would just be fooling myself.
BTC is hovering right around its 14-day low. Are you waiting for it to stabilize before making a move, or starting to buy in gradually now?
$BTC
#BTC #MarketAnalysis
This kind of decline doesn’t look like a panic-driven sell-off. It’s more like slowly boiling a frog: prices ground lower all day, the Fear and Greed Index has already fallen into the fear zone, and plenty of people in the market are scared. But if you ask whether anyone is fleeing at any cost, we haven’t seen that telltale massive red candle. That’s what makes this so grueling—you don’t know whether to leave or stay.
If I had to choose, I’d lean more toward waiting and watching. But if it can’t hold above 73,510, none of that matters. If it breaks below 73,510, I’ll change my mind immediately. Talking about buying the dip then would just be fooling myself.
BTC is hovering right around its 14-day low. Are you waiting for it to stabilize before making a move, or starting to buy in gradually now?
$BTC
#BTC #MarketAnalysis