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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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 at 42 on the daily chart indicates a downward trend, suggesting that Bitcoin’s technical structure may continue to weaken.
The Moving Average Convergence Divergence (MACD) remains below the signal line on the same chart, prompting investors to reduce their market exposure. The bearish momentum may intensify, with the MACD histogram expanding below the zero line.
However, the support level at $89,000 remains stable, which could indicate market stability and encourage risk-taking. A move above $90,000 is needed to curb the bears’ momentum.
Daily chart of the BTC/USDT pair