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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 — $70,000 or lower?
2️⃣ Market Drivers: Which recent macroeconomic news or rumors are influencing the market?
3️⃣ Dark Horses: Are there any resilient or outperforming tokens worth watching?
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$RIVER The price was pushed to $50.7, it couldn't quite break below 50, but that's not a problem. Currently, the situation is favorable for Long positions; there may be some fluctuations and a retest of 50-45, but it should be a proper test. If the retest doesn't happen and a significant rebound occurs, the price could rise to 60, or even 65. The current situation is such that they will push the price down until Long liquidations occur, and then it will start to rise again.
My target estimate: 45-50 with resistance levels there.
After reaching the target: 60-65, there was a gap earlier at that level and higher.
If the worst-case scenario unfolds, with a drop to around 40, then 32-35 could happen soon after, followed by a gradual recovery, and then a rapid surge.
I think Long positions are more suitable for this time, but I can't guarantee they will be. Analyze the market and don't lose money!