I’m not opening a long position. If the price stalls at 71k, it could get dumped down to 67k–65k at any time.
The news that Binance was hacked for $6 billion is extremely bad, with potential long-term consequences that you all seem to be overlooking. The charts, on both short and long time frames, are being crushed by selling. But I think after this sell-off below 67k, there’ll be a technical rebound when the price reaches the previous high it broke above. As for 71k, I’m not touching it—the charts on no time frame are showing any buy signals yet.
The news that Binance was hacked for $6 billion is extremely bad, with potential long-term consequences that you all seem to be overlooking. The charts, on both short and long time frames, are being crushed by selling. But I think after this sell-off below 67k, there’ll be a technical rebound when the price reaches the previous high it broke above. As for 71k, I’m not touching it—the charts on no time frame are showing any buy signals yet.
