Never touch $BTW —the 18.63% haircut in 24 hours is no joke. It’s now at 0.7828. Look at that wick plunging from 0.9983 to 0.6872; anyone who chased the top still has blood dripping from their account. I didn’t earn my reputation as the guy who honestly warns people off on Gate for nothing. Look at today’s data and judge for yourself.

On-chain data doesn’t lie: 24-hour trading volume is 86.9M. What does a selloff on rising volume mean? Whales distributed their tokens in the 0.95–0.99 range, while retail investors panic-sold around 0.7. That wick at the 0.6872 low was a liquidity hunt: stops were swept, then the price immediately bounced back to 0.78—a classic shakeout. But note that the rebound wasn’t backed by volume, which shows bulls lack confidence.
Technically, 0.78 is an awkward level—there’s a dense supply zone of trapped buyers at 0.85–0.90 above, while 0.6872 is a newly confirmed short-term floor below. An hourly MACD bullish divergence is just emerging, but the daily chart is still under pressure from a bearish death cross. My view: a short-term oversold bounce is possible, but a reversal is still a long way off.
Advice for conservative traders: don’t chase at the current 0.78. Wait for a pullback to the 0.72–0.74 range and try small positions in batches. You must set a stop-loss below 0.68; if 0.6872 breaks, exit unconditionally. First take-profit target: 0.85; second target: 0.92. Keep your position below 5% of your total funds. For aggressive traders looking to play the bounce, enter at 0.78 and exit at 0.85—get in and out quickly; don’t get attached.
$BTW has no major fundamental flaws, but nothing outstanding either—it’s purely a capital-driven trading play. I only tell the truth: chasing highs can ruin your life; buying the bottom can keep you poor for three generations. Just wait patiently for the right levels. ��� Follow me to wait for the next golden dip—hit follow, and I’ll post updates on Gate Square first. Remember, protecting your principal matters more than anything. Don’t let today’s 18% turn into tomorrow’s 50%. #每周来晒 #Gate广场中秋团圆局