The entire market has been falling for more than half a month, especially this week with consecutive crashes directly testing the April 2025 low of 76,000.



To be honest, at this position, it's difficult to go long or short; the range of movement has opened up, and liquidity has also increased.

Currently, the whole market is watching $BTC , even I am watching , but for short-term trading, I prefer a rebound.

The recent test around 77,000 was the best entry point. Since I missed that, I will wait and see if I can enter lightly around 77,000. If there's a pullback, add to your position once, widen the gap, and set the stop-loss at 75,600.

If it stabilizes above 78,000 tonight, then early next week, it will test the 80,000-81,000 region. After a big drop, a rebound is inevitable; it depends on who has the greater courage to hold on.

If there is a successful second test, you can position for a short-term bottom around 73,000-75,000, with a short-term target of 5,000-8,000 points. (The market crash situation depends on real-time conditions.)
BTC-1,63%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
WanderingTheWorldAvip
· 5h ago
I follow your bearish view.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)