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$BTC Descending wedge pattern, can we buy the dip on BTC?
On the 26th, Xiaohan said we finally saw 50k, wait for the dip. Now the opportunity has come, we have finally seen the reversal --- descending wedge reversal (common point: find similarity in two charts), so buy the dip!
If not the bottom, it's not far from the bottom.
Looking at the market first, you'll find that many cryptocurrencies have seen reversal gains amid the continuous decline, either small or large. The current situation is clearly four words: bulls' home court.
From the trend, many coins have fallen to the lowest of the low in historical lows. At this time, if you still don't dare to buy the dip, what are you doing? Still waiting? The daylilies are cold, summer is half over, and you still know to turn on the fan?
Moreover, based on on-chain information: smart money should have already entered. In Xiaohan's article on the 26th, he mentioned that the US stock market, like BTC's previous rise to 120k, has risen too high, and is hitting new highs repeatedly, and is about to top out. Next, capital should flow back, US stocks fall, and cryptocurrencies welcome spring. Because institutions have already entered, some are buying MicroStrategy stock, some are buying the dip on BTC, ETH, SOL, etc.
Especially SOL's trend: when BTC dropped to 58k recently, SOL didn't fall much, making it hard not to suspect some positive news, followed by the naming of an AI big model and the explosion of golden dogs on SOL chain. Perhaps it will replicate the previous ETH surge past 4800 (Xiaohan deduced at that time that it wouldn't break 35.36, and would rebound to 48). Even if it doesn't replicate, behind so many positives, there are obviously larger blockbuster positive news, so it is recommended to follow Xiaohan to buy the dip on some $SOL . Definitely no problem.
Next are altcoins. We need to choose coins with potential, such as the recently upgraded former NFT leader APE, as well as NEO, VANA, or PENDLE, PUMP (too many to list), which have good financial returns. If still unsure, Xiaohan suggests directly choosing the leading coins of various tokens. Hold onto some with potential. For those not so good, just POS them.
Finally, Xiaohan suggests that everyone can place long orders on many coins that have fallen to new lows, perhaps achieving good returns (don't choose coins abandoned by the project team, such as CHZ#Saylor暗示增持BTC ).