A couple of days ago when I was watching the market, I felt that the 94,000 level was a bit shaky, and sure enough, it was. Yesterday, Bitcoin surged to around 94,100 and then started to turn back. Now it has already dropped more than 4,000 points from the high. This correction came pretty fast, and those who followed the crowd and entered at the highs are probably stuck holding their positions again. Sometimes, when you see a strong upward trend, you want to jump in, but chasing at the top can really put you in a passive position. With Bitcoin’s volatility, you still need to get your timing right and not let emotions dictate your trades.

BTC2.16%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
CrossChainMessengervip
· 12-06 15:11
It should drop at 94000, I said earlier that this level is weak.
View OriginalReply0
EthMaximalistvip
· 12-05 20:13
94,000 is indeed a critical threshold, but to be honest, those who chased at the top deserve to learn a lesson.
View OriginalReply0
GweiWatchervip
· 12-05 19:10
The 94,000 level is really tough; those who chased the high will probably have to cut their losses again.
View OriginalReply0
GasFeeNightmarevip
· 12-05 19:05
It was obvious at the 94,000 level; those who chased at the top are just destined to be retail investors (bagholders).
View OriginalReply0
EyeOfTheTokenStormvip
· 12-05 18:56
Once again, my quant model predicted it with precision. The 94,000 resistance level was indeed a key point; from a technical perspective, this is a classic double-top confirmation signal. --- Chasing at the top is basically an IQ tax—in plain terms, it’s just the fear of missing out (FOMO) taking control. --- What does this 4,000-point pullback tell us? The market structure is being restructured, but most retail investors simply can’t grasp the fundamental shifts in the macro cycle. --- Those who know, know: the 94,000-90,000 range will keep oscillating. Scalping is the way to go—those holding onto losing positions should’ve recognized reality by now. --- With Bitcoin this volatile, why not use historical data to make decisions? If you keep entering trades based on gut feeling, you’ll pay tuition sooner or later. --- Suddenly reminded of 2017—it was wave after wave of getting rekt back then too. Is it really different this time...? --- Letting emotions drive your trades is basically gambling. I have to repeat this, even though I almost lost my head myself yesterday.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)