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💥 Early morning, $BTC broke below the key psychological level of $60,000. How should retail investors respond?
Nannie is here to clarify the direction for everyone! The short-term downtrend of BTC is very clear and has not finished playing out. From the market perspective, the trading volume hasn't increased, indicating that the main players haven't completed their accumulation. Market sentiment from start to finish remains bearish, and the daily chart stays firmly within the downtrend channel. Several rebounds lack strength, and the bears still hold the advantage.
Nannie's personal trading approach: In the short term, don't blindly buy the dip and catch falling knives. If you want to buy spot, you can consider a long-term hold and stagger your entries. But for futures trading, be sure to set proper take-profit and stop-loss orders. Be very cautious!!