đ„ AâŻ$2.2âŻbillion tax win isnât a sign to dump Bitcoinâit's a catalyst for strategic buying.
đ The move comes as Bitcoin slides to $68,700, downâŻ6.57âŻ% in 24âŻh, RSIâŻ17.9 (deeply oversold) and market sentiment plunges to Extreme Fear (20/100). Yet futures funding is +0.0012%âlongs are actually paying to stay bullish. #Bitcoin #TaxBenefit
đĄ In a cycle, such oversold, lowâRSI moments are where the next upside builds; $6.91âŻB of open interest and a 3.32Ă longâshort ratio (76.8âŻ% longs) signal institutional conviction despite the dip. This aligns with the earlyâstage accumulation phase of the upcoming #BullCycle. #Crypto
đ Practical move: allocate a modest DCA slice now, targeting the lower Bollinger Band (â3.3âŻ% on BTC). You can use Binanceâs recurringâbuy feature to automate the DCA, or set a limit order just above the band to capture a bounce, while monitoring fundingâpositive funding confirms smartâmoney is still on the long side.
â How are you positioning your BTC exposure as the market hits these extremeâfear levelsâadding, holding, or waiting for confirmation?
đ The move comes as Bitcoin slides to $68,700, downâŻ6.57âŻ% in 24âŻh, RSIâŻ17.9 (deeply oversold) and market sentiment plunges to Extreme Fear (20/100). Yet futures funding is +0.0012%âlongs are actually paying to stay bullish. #Bitcoin #TaxBenefit
đĄ In a cycle, such oversold, lowâRSI moments are where the next upside builds; $6.91âŻB of open interest and a 3.32Ă longâshort ratio (76.8âŻ% longs) signal institutional conviction despite the dip. This aligns with the earlyâstage accumulation phase of the upcoming #BullCycle. #Crypto
đ Practical move: allocate a modest DCA slice now, targeting the lower Bollinger Band (â3.3âŻ% on BTC). You can use Binanceâs recurringâbuy feature to automate the DCA, or set a limit order just above the band to capture a bounce, while monitoring fundingâpositive funding confirms smartâmoney is still on the long side.
â How are you positioning your BTC exposure as the market hits these extremeâfear levelsâadding, holding, or waiting for confirmation?
