📉 Extreme bottom test at 74,000! Buying more as prices fall—my dip-buying strategy and outlook.
Did everyone get in this morning? The market actually plunged all the way to the 74,000 extreme level we talked about earlier!
My move was simple: I added to my BTC position, along with relatively resilient strong coins like SOL and UNI. The idea is to keep buying as prices fall and firmly lower my average entry price.
Here are a few of my key thoughts on what’s next:
📊 Technicals: Watch the 74,500 level
If BTC decisively breaks below 74,500 in the short term and fails to recover, and is still unable to reclaim it over the next day or two, then the breakdown is confirmed. Next, we’ll first watch for a retest of the lows, though a direct bottom is also possible. Liquidity in futures contracts below 75,000 has already been mostly cleared out, and trading volume is high, which could mean the shakeout is ending.
🌍 Macro: Beware of a “speed-up in bottoming” for U.S. stocks
If U.S. stocks perform poorly tonight, we may be in an accelerated downtrend for a while. Caution is essential here, because a sharp sell-off can keep driving prices lower and setting new lows until the market truly finds support and stabilizes—only then can it start to form a bottom.
💡 My strategy:
From here, I’ll place limit orders on the left side of the market, but only at highly attractive major support levels. I won’t try to call the bottom; I’ll just pick up bloodied chips and leave the rest to time. Did you buy the dip today? 👇
$BTC $SOL $UNI #BTC
Did everyone get in this morning? The market actually plunged all the way to the 74,000 extreme level we talked about earlier!
My move was simple: I added to my BTC position, along with relatively resilient strong coins like SOL and UNI. The idea is to keep buying as prices fall and firmly lower my average entry price.
Here are a few of my key thoughts on what’s next:
📊 Technicals: Watch the 74,500 level
If BTC decisively breaks below 74,500 in the short term and fails to recover, and is still unable to reclaim it over the next day or two, then the breakdown is confirmed. Next, we’ll first watch for a retest of the lows, though a direct bottom is also possible. Liquidity in futures contracts below 75,000 has already been mostly cleared out, and trading volume is high, which could mean the shakeout is ending.
🌍 Macro: Beware of a “speed-up in bottoming” for U.S. stocks
If U.S. stocks perform poorly tonight, we may be in an accelerated downtrend for a while. Caution is essential here, because a sharp sell-off can keep driving prices lower and setting new lows until the market truly finds support and stabilizes—only then can it start to form a bottom.
💡 My strategy:
From here, I’ll place limit orders on the left side of the market, but only at highly attractive major support levels. I won’t try to call the bottom; I’ll just pick up bloodied chips and leave the rest to time. Did you buy the dip today? 👇
$BTC $SOL $UNI #BTC
