The opportunities in the crypto market are always present, but your principal only happens once. Keep a small position, stay disciplined, and wait for signals—that's the only correct strategy in the current market.


Since Bitcoin's peak of 82,850 in early May, the 8-hour chart has shown a clear downward stepwise weak structure, with moving averages in a bearish alignment. The current price hovers around 77,000, which is a critical support level at the long-term daily moving average. This level is not a place to buy recklessly, nor to short casually.
On the news front, institutional bottom holdings logic remains intact, with ETF net inflows continuing, Goldman Sachs increasing BTC holdings, and the strategy to buy coins throughout the year unchanged—these are the underlying supports preventing the price from collapsing easily.
However, the short-term technical outlook is weak, and macro sentiment is unclear, so rebounds won't happen overnight.
For those looking to hold medium to long-term positions (about a week), a small position around 77,000 can be tried for long.
If the price can stabilize and increase volume above 76,500 this week, there’s a chance to see 79,000–82,000 next week.
Ethereum is moving in sync.
BTC-2.01%
ETH-1.93%
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned