Never try to hard find support and go long in a downtrend during a BTC bear market.


The correct approach is to wait for a rebound to resistance and then follow the trend to short.
Today is the weekend, and there are no major players manipulating the market.
The price volatility is only a few hundred points back and forth.
There is absolutely no room for operation.
The tug-of-war around the 60,000 mark is entirely driven by bots generating volume.
Yesterday, ETF funds continued to be in a net selling state.
For now, the overall approach remains shorting.
If you already hold short positions, you can hold them without moving.
For those who want to buy the bottom, there is no need to rush.
The bottom forms step by step as the market moves.
A clear entry signal will definitely appear later.
There is no need to worry about missing out.$BTC
BTC0.78%
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TokenomicsMechanic
· 06-27 19:08
The back-and-forth around 60,000 is too draining. Persistent ETF outflows show institutions are still running. Keep short positions.
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GasFeeSensitivity
· 06-27 18:36
The bot is trading the bid-ask swing with narrow-range fluctuations; forcing trades in a market like this really makes it easy to get slapped from both sides, and staying in cash to observe is also a strategy.
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GateUser-0f8d377b
· 06-27 18:35
Indeed, the weekend liquidity is low, and the market with bot-washed volume is most prone to false breakouts. Let's wait until Monday to check again.
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GateUser-cf218ace
· 06-27 18:03
Haha, what's the rush for friends who want to bottom-fish? It's still not too late to chase after the real bottom signal appears.
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BearMarketWithAHintOfOrange
· 06-27 17:54
The logic of shorting at resistance is fine, but we need to watch the correlation after the US stock market opens.
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