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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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1.28 Midday Thoughts
Currently, the Bitcoin chart shows that the short-term moving average momentum is weakening, with the MA7 turning downward and shifting to a sideways weak trend. This rebound lacks sustained volume support and is a passive rebound driven by oversold recovery and the strong US stock market sentiment. It has hit resistance and fallen back, indicating a clear bearish signal. The market is showing signs of being overly optimistic, with weak upward momentum. The weekly trend is already downward, and the midday trading strategy is to go short at high levels.
Bitcoin: Short at 89,400-90,000 range, with a target around 88,000#金价突破5200美元 $BTC