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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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Ethereum surged to 2350 intraday before falling sharply, touching a low of 2070. Currently, it is consolidating around 2150. The rapid decline during the session was mainly influenced by escalating geopolitical risks: rumors of renewed tensions between the US and Iran triggered risk-off selling in the crypto market. Subsequently, during the early morning hours, the market quickly rebounded, recovering some losses, driven by news that former US President Trump signed a key bill, easing the government shutdown crisis and prompting some cautious funds to re-enter risk assets.
Recommend short positions around 2190 and 2220, with initial targets at 2070, and a break below that to 2000 and 1900.