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Gate Square | 2/5 Today's Hot Topic: #BuyTheDipOrWaitNow?
🎁 [Community Perk] Post with the topic or #BTC, 10 lucky users * $100 position Voucher.
Market volatility continues as BTC breaks below the $74,000 key support level, with altcoins pulling back in sync. Are you buying the dip in batches or waiting for a better entry point?
💬 Today’s Discussion:
1️⃣ Bottom Signals: Where do you see BTC’s bottom — $70,000 or lower?
2️⃣ Market Drivers: Which recent macroeconomic news or rumors are influencing the market?
3️⃣ Dark Horses: Are there any resilient or outperforming tokens worth watching?
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/(A). 📈
A corrective downward zigzag wave, representing wave (2)/(B). 🔽
The correction has significantly retraced compared to the previous impulsive wave. 📉
Expectations:
Small upward impulsive waves forming in the short term to complete wave 1, paving the way for wave (3)/(C).
The strong wave 3 is expected to propel wave (C)/(3), leading to a breakout above the price channel and forming a new high. 🚀
The development of a bullish price movement from this area is crucial to maintaining the uptrend. 🔝
The optimal target for the bullish wave, if this scenario materializes, is 0.647. 🎯
⚠️ Breaking below 0.531 will pose a threat to the uptrend and could completely invalidate it. #PYTH