The price of U has dropped again, and here I am with 860 spot bottom positions + I am trembling with my hands full of U, already losing money without doing anything 🤡$BTC
BTCUSDT
Perp
90,077.5
-2.67%
Where is the bottom of Bitcoin? This is something no one can predict!!!
But looking back at the past, if we go by the saying of carving a boat to seek a sword, then starting from 86000, we can gradually buy the dip in spot trading, as historically, a drop of 32-34% has often been followed by a rebound.
From the weekly K-line perspective, 86000 serves as a support price; when it reaches 86,000, the drop approaches nearly 32%. Therefore, starting to buy the dip gradually from this area is not unreasonable.
However, this is limited to spot trading. If you think about holding high-leverage contracts for the long term, it's better to give it up, as the risks are too high. You don’t know where the bottom is; only after stepping out and looking back will you think, "Oh! That price at that time was the bottom. Why didn’t I go all in!!!"
Don’t be a person who realizes things too late, and don’t aim to buy at the absolute bottom or sell at the absolute top. Once you reach your target in your heart, you can start to gradually buy spot and not go all in; leave some positions for the worst-case scenario $BTC
{future}(BTCUSDT)
But looking back at the past, if we go by the saying of carving a boat to seek a sword, then starting from 86000, we can gradually buy the dip in spot trading, as historically, a drop of 32-34% has often been followed by a rebound.
From the weekly K-line perspective, 86000 serves as a support price; when it reaches 86,000, the drop approaches nearly 32%. Therefore, starting to buy the dip gradually from this area is not unreasonable.
However, this is limited to spot trading. If you think about holding high-leverage contracts for the long term, it's better to give it up, as the risks are too high. You don’t know where the bottom is; only after stepping out and looking back will you think, "Oh! That price at that time was the bottom. Why didn’t I go all in!!!"
Don’t be a person who realizes things too late, and don’t aim to buy at the absolute bottom or sell at the absolute top. Once you reach your target in your heart, you can start to gradually buy spot and not go all in; leave some positions for the worst-case scenario $BTC
{future}(BTCUSDT)
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