Jin'an has secured 5,000 points for the long-term, can we buy the dip now?

Jin'an predicted the recent decline in advance; the long-term has already firmly secured 5,000 points! Recently, many friends have asked me, Bitcoin continues to weaken and decline, can we buy the dip now? My answer is very firm: Absolutely not!

The ongoing weakness and decline of Bitcoin are not ordinary corrections but a resonance caused by failed expectations, macroeconomic negative news, capital fleeing, and technical breakdowns.

Previously, the market was able to oscillate and resist above 80k mainly due to two major positive expectations: everyone generally anticipated a easing of geopolitical tensions during the China visit, alleviating inflation pressures, and also hoped that the new Federal Reserve Chair would signal a dovish stance and implement rate cuts, with bulls also optimistic about breaking previous highs.

However, the market has completely reversed course, with both expectations falling short and even turning into negative news: the China visit did not bring unexpected positive developments, inflation and geopolitical pressures remain unresolved; the new Fed Chair's hawkish stance is strong, directly delaying rate cut expectations, and a long-term high-interest rate environment has taken shape. The dollar and U.S. bonds have strengthened, continuously draining liquidity from Bitcoin.

Under the combined negative news, capital is fleeing wildly, amplifying the decline: spot ETF net outflows continue at large volumes, institutional buying has completely broken down; a wave of margin calls in the futures market continues to spread, forming a vicious cycle of falling, forced liquidation, and further decline, breaking below the key support level of 78,000.

From a technical perspective, the outlook is even more bearish. After Bitcoin topped at 81,995, all three Bollinger Bands turned downward; the middle band shifted from support to resistance, with prices continuously hugging the lower band, dropping to a low of 76,500. Multiple failed attempts to rally combined with the breach of key support shattered bullish confidence, market sentiment turned to panic, and a smooth unilateral downtrend emerged.

Currently, this is only a slight correction from oversold conditions, not a bottom reversal. The trend remains weak, and I firmly advise against blindly buying the dip! The market is still mainly in a rebound phase moving forward!

Wishing you successful trading! $BTC $GT $DOGE #加密市场下跌15万人爆仓