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Recently, the bulls have indeed been a bit sluggish, and today they took another dip. I'm telling everyone to do short-term longs on BTC; honestly, I'm a bit worried about getting criticized. But the problem is that sometimes technical indicators can't provide clear signals, and at such times, we have to rely on market sentiment to guide our actions.
Looking at today's performance, if important data is released in the next few days and BTC weakens again, I personally suggest gradually building positions. From a technical perspective, around 83,000 is a good entry point for longs; for every 1,000-dollar drop, enter in three layers, with a stop loss set at 78,000.
This retracement is a secondary bottom on the daily chart. According to historical patterns, there should still be room for a rebound, and pushing towards 94,000 or even 98,000 is possible. Whether to participate in this wave of the market depends on each individual's risk tolerance.
Stay bullish, 78,000 is the final line of defense.
Still relying on sentiment? Bro, that's just gambling.
But there's some logic in gradually entering at 83,000; it all depends on whether you can hit the mark.
Let's wait for the data to come out; things are a bit chaotic right now.
Buying the dip at 83,000 is indeed tempting, but I'm worried that by the time it drops to 78,000, I might have already cut my losses.
The second bottoming is often the harshest, and there are still quite a few short positions.
Those brave enough to take this hit are either true warriors or just reckless.
A rebound to 94K is hard to say, but 98K sounds a bit greedy, brother.