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Gate Square | 2/5 Today's Hot Topic: #BuyTheDipOrWaitNow?
🎁 [Community Perk] Post with the topic or #BTC, 10 lucky users * $100 position Voucher.
Market volatility continues as BTC breaks below the $74,000 key support level, with altcoins pulling back in sync. Are you buying the dip in batches or waiting for a better entry point?
💬 Today’s Discussion:
1️⃣ Bottom Signals: Where do you see BTC’s bottom — $70,000 or lower?
2️⃣ Market Drivers: Which recent macroeconomic news or rumors are influencing the market?
3️⃣ Dark Horses: Are there any resilient or outperforming tokens worth watching?
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Liangqiu: Bitcoin/Ethereum long order target has basically been reached, waiting for short order take profit.
Bitcoin/Ether continuously reminded the strategy of buying low and selling high several times yesterday. Bitcoin long orders entered at 83500 and 2700-2720, and after a market pullback, it surged all the way up. As of now, Bitcoin/Ether has reached 85500 and 2798, with long orders capturing nearly 2000 points and 90 points of space.
Enter short orders around 85500-86000 and near 2800, patiently wait for a pullback and then take profit on the short orders. If there are profits on the short orders, manage them yourself. Congratulations to the friends who followed the strategy, the long orders have successfully secured space.
Bitcoin/Ethereum early trading has repeatedly reminded that the overall intraday fluctuation over the weekend will not be too large, with the lows continuously rising. Enter long positions around 83000-83500 for Bitcoin, and short positions above 85500-86000; enter long positions around 2700-2720 for Ethereum, and short positions around 2800 above. Overall, making several waves of long and short trades will not leave small space. Currently, the market is basically maintaining this range with small fluctuations, but making several waves down provides quite good overall space. The market is still oscillating, which is also in line with the typical characteristics of weekend recovery. The previous large decline has caused significant panic among bears, but there is some stabilization and attention is on the support line at the lows.
In the evening, you can still refer to the buy low, sell high strategy: Buy Bitcoin around 83000-83500, and sell at 85500-86000.
Buy near Ethereum 2700-2720; Sell near 2790-2820 above.
[The above analysis and strategies are for reference only; please bear the risk yourself. The article review and publication do not guarantee timeliness; please refer to real-time information for specifics.]
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