Why are you afraid to short Bitcoin at $BTC ‌63,000, but dare to long at 63,200? This is not luck, it's a visual trap.



I just checked the chart. $BTC
The 1-hour level data is interesting: the price dropped from 64,691 to 61,297, then rebounded to 63,267. At this point, many people ask me: 'Can I buy the dip? It's dropped 2000 dollars.'
$ETH

This is the typical 'anchoring effect' at work. Your brain is still recalling the high of 64,000 and thinks 63,000 is cheap, but do you know? Although the price is at 63,267, the 6-day RSI is only 18.4. What does this mean? It means the rebound here is just a correction after an oversold situation, not a trend reversal.

Why do you always catch the falling knife at the 'mid-mountain'? Because you confuse 'dropped a lot' with 'fully dropped'.

First, the true bottom is not a low price, but a 'low-level divergence'.

Although the price is at 63,273, the daily MACD's DIF is -794.7 and DEA is -1504.2. This is a typical golden cross after bearish momentum exhaustion, and only such a position has speculative value. As for the Bollinger Bands, although the price is near the lower band at 63,282, the middle band at 63,642 is still pressing downward. Remember the mantra: When the Bollinger Bands open downward, the lower band is not the bottom, but an accelerator.
$BNB

Second, ask yourself a 'critical' question before placing a trade.

Not 'how much can I earn', but 'if this is not the bottom and the price drops to 61,000, what will happen to my position?'

Perpetual contracts have funding rates and holding costs. I saw in your data that the 24h volume is 247,339 BTC. Such a large volume indicates fierce long-short battles. Under such volatility, if you haven't set a stop-loss order in advance, even if your direction is correct, a 15-minute level up-and-down wick will wipe out your position.

Remember: In trading, position is the general, price is the soldier. If the trend is not on your side, no matter how low the price is, it's still catching a falling knife. First check if there is a stabilizing candlestick pattern on the daily level, then talk about 15-minute buy-the-dip opportunities.
BTC-1.01%
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TalkingAboutMemeAsTheCoinMakes
· 19h ago
Firmly HODL💎
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TalkingAboutMemeAsTheCoinMakes
· 19h ago
Get in quickly!🚗
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TalkingAboutMemeAsTheCoinMakes
· 19h ago
Go for it 👊
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