BTC has dipped below 71k, fear index at 31—should we long now?
BTC is currently at $71,354, having dropped for several days, and the fear index at 31 has plummeted into the buy-the-dip zone. From a technical standpoint, the price has breached the 21-hour moving average at $71,878, but the RSI is oversold and has bounced back, while the MACD green bars are also shrinking, indicating the downward momentum might be stabilizing a bit. In the short term, $71,000 is a critical support level; if it breaks, we could see a slide towards $70,000. On the upside, $72,500 poses resistance; if we smash through that, we can bounce back to above $72,000. Let’s wait for a pullback and avoid chasing highs for now.
#BTC #比特币 #抄底 #技术分析 #trading strategy
BTC is currently at $71,354, having dropped for several days, and the fear index at 31 has plummeted into the buy-the-dip zone. From a technical standpoint, the price has breached the 21-hour moving average at $71,878, but the RSI is oversold and has bounced back, while the MACD green bars are also shrinking, indicating the downward momentum might be stabilizing a bit. In the short term, $71,000 is a critical support level; if it breaks, we could see a slide towards $70,000. On the upside, $72,500 poses resistance; if we smash through that, we can bounce back to above $72,000. Let’s wait for a pullback and avoid chasing highs for now.
#BTC #比特币 #抄底 #技术分析 #trading strategy