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You all might want to keep an eye on the charts; Bitcoin just took a dive of over 10,000 points right before the weekend, leading to a slight pullback and some corrective gains. Are we looking to bottom out?
I advise everyone to take it easy; while the current price around 60k isn't too high, the panic from this wave might not be over just yet. The weekend dip has already hit 5,000 points, which is quite a bit. Let's hope everyone avoids getting trapped.
Of course, I'm still holding strong in the game, and you're welcome to check out my results. 🤣🤣🤣
Whoa? ZEC hit over 200? Is it really going to zero? I took a nap and missed this, how can this happen? It's like the whales are giving away Audis for free, whoa, whoa
Remember last night's stream when I said there's no dip, right? Still looking for a dip? Stop searching, just go with the flow and short it, seriously, there's no dip, this wave is just too bullish!
You know why they're saying the market's been under heavy sell pressure lately? The whales are dumping like crazy, how can it not drop?
Right now, the charts are showing the same thing. Even though it hasn't tanked, it just won't break through the resistance. It's not like there's no liquidity, so we traders have to go with the flow; we definitely shouldn't go against the trend, man!
This wave of panic triggered by Bitcoin sell-offs is pretty crazy, huh? The bros should have snagged some juicy gains by now.
But now you're thinking of going long? Trying to catch the bottom? I advise you to play it cool, don’t rush into it too aggressively. The capital that flowed out during this panic won't be easy to replenish in the short term. Originally, Ethereum at 6.5 might have held up, but that didn't pan out. So right now, the overall strategy is to short the bounce, and that's without a doubt.
June 1st gave everyone a unique Children's Day Bitcoin started a wild sell-off, dropping hard, but does this dip set up a lot of people to buy the dip?
Personally, I think it's still too early to buy the dip; excessive selling and profit-taking will likely lead to a second drop, so for now, my view is to rebound and short.
Seeing a slight rebound, are you all itching to catch the bottom? Did yesterday's panic driven by Bitcoin just slip your mind?
Currently, spot trading is worth considering for entry, but contracts are likely not a good time to short. Even if you're thinking of bottoming out, we need to wait for a clear support zone before diving in; after all, my target for this trade is still over 200 points.
So, have you all absorbed the strategy for shorting on the rebounds in the live stream? We'll keep discussing the market at 12:30 tonight.
For those looking to get in, keep an eye on the flow of funds; right now, the money is still in the US stock market, so how can we expect a rise?
Small positions can create legends; Bitcoin has dipped so much and is constantly being offloaded. Ethereum will definitely hit a breaking point, so this is where the short-term trading opportunities lie.
Currently, I believe the trend can continue to rebound. Just keep trading without getting greedy; there's always some profit to be made.
US stocks are opening low, MicroStrategy is offloading, and Bitcoin is stealing the show, continuing its steep decline.
But have the bros noticed that aside from Bitcoin crashing hard, other altcoins aren’t tanking as much? So, this dip really is all about Bitcoin's stage.
As it stands, I wouldn't recommend going long on Bitcoin or chasing it up right now. If you’re holding shorts from the top, keep them tight. For those who don’t have positions yet, the play is mainly to short the rebounds.
I sold my Bitcoin before my afternoon nap, man, I can be so reckless, I knew it was gonna drop, what a bummer.
But when I woke up and saw I still had some ZEC, that kinda healed my wounded soul a bit. My buddies say for the girlfriend it's all about that zero coin, where's the best place to snag that?
Bitcoin is still bouncing around, but on the news front, the US and Iran seem to be flip-flopping between wanting a deal and then getting into it again, just wasting everyone's time.
So as it stands, the overall trend is still bearish, so I hope everyone focuses on shorting at the highs and using resistance levels as shorting points, like this 741 resistance we've analyzed together a few times, how about you?
Bros, this thing's been extended again. It's gonna take some time to wrap our heads around these two projects, so buckle up, we're about to see some serious volume drop.
For those who traded BTC with me at the same spot during Friday night's live session, are you still holding? Don't be stubborn with those positions; it's time to take profits or risk missing out.