How is the market doing today?

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CrossChainPostman
· 19h ago
Can you buy the dip?
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RugIdentifier
· 07-20 19:03
Did it go up?
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CokeCanAnalyst
· 07-20 08:28
Brothers, how do you think the market looks today? I got up this morning and saw BTC down 2% and ETH down 3%, and it feels like this week might break the previous low. But there are also some good news—for example, a certain country announced that it accepts Bitcoin payments—so this could also be a bear trap. Let’s all talk more and share ideas.
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RSIContrarian
· 07-20 08:25
Today’s market is really confusing—people want to bottom-fish but fear getting trapped, want to stay in cash but fear missing out. Actually, you can look at on-chain data: exchange BTC balances are declining, which suggests long-term holders are accumulating. So I think you can try going long with a small position, but don’t go heavy.
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DeFiShield
· 07-20 08:22
The market sentiment feels very bearish, and it may continue to fall.
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AntiPhishSentinel
· 07-20 08:15
I suggest you take a look at some altcoins—some of them have already fallen and won’t go any lower.
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StopLossLaw
· 07-20 08:12
Actually, from a technical perspective, there’s a divergence on the 4-hour timeframe, but the daily chart is still in a bearish alignment, so there may be a short-term rebound, though the upside is limited. Consider trading with a light position size and set a stop-loss. My own strategy is to wait for the weekly chart to stabilize before entering.
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YieldYacht
· 07-20 08:08
No movement.
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LazyInvestor
· 07-20 08:08
Just wait and see.
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