$BTC Not yet. The price has already fallen quite sharply, but it seems it doesn’t want to stop. Everyone expects it to rise, so they’re jumping into long positions. I think it hasn’t really bottomed out yet: the drops have barely had any long lower wicks, which suggests weak buying at the bottom. However, the price is also falling fairly gradually, suggesting selling pressure isn’t too strong either. This may be because the price has dropped quite a lot and many people are wary of the risk, so they’re staying on the sidelines. The price has nearly reached the previous low from June, but that’s just a point of reference. Given the current situation, I think it could still fall further. Even so, this price range may be worth considering if you’re looking to accumulate for the long term. $BTC

$BTC Not yet. The price has already fallen quite sharply, but it seems it doesn’t want to stop. Everyone expects it to rise, so they’re jumping into long positions. I think it hasn’t really bottomed out yet: the drops have barely had any long lower wicks, which suggests weak buying at the bottom. However, the price is also falling fairly gradually, suggesting selling pressure isn’t too strong either. This may be because the price has dropped quite a lot and many people are wary of the risk, so they’re staying on the sidelines. The price has nearly reached the previous low from June, but that’s just a point of reference. Given the current situation, I think it could still fall further. Even so, this price range may be worth considering if you’re looking to accumulate for the long term.
$BTC