🔥 Bitcoin dropping below $60K isn't a crash - it's a buying opportunity, with the current price of $59,161 and a bullish MACD crossover.
📊 This week's #Bitcoin dip to $59K wiped $1.2B in leveraged longs, but #onchain data shows long-term holders didn't move a single coin, amidst a market sentiment of Extreme Fear at 15/100.
📈 In every bull cycle, these shakeouts happen 3-5 times before the real price discovery phase - and they always feel like the end of the bull market to those watching price only, with BTC's Open Interest at $6.14B and a funding rate of +0.0096% indicating bullish sentiment.
💡 The practical move: zoom out to the weekly chart and ask yourself if the thesis has changed, considering the launch of Japan's first exchange-settled crypto credit card by Bitbank, which could increase adoption and drive prices up.
❓ What's your strategy when the market goes red - will you hold, buy, or wait for confirmation, and how will you utilize the new crypto credit card to earn 0.5% crypto cashback?
📊 This week's #Bitcoin dip to $59K wiped $1.2B in leveraged longs, but #onchain data shows long-term holders didn't move a single coin, amidst a market sentiment of Extreme Fear at 15/100.
📈 In every bull cycle, these shakeouts happen 3-5 times before the real price discovery phase - and they always feel like the end of the bull market to those watching price only, with BTC's Open Interest at $6.14B and a funding rate of +0.0096% indicating bullish sentiment.
💡 The practical move: zoom out to the weekly chart and ask yourself if the thesis has changed, considering the launch of Japan's first exchange-settled crypto credit card by Bitbank, which could increase adoption and drive prices up.
❓ What's your strategy when the market goes red - will you hold, buy, or wait for confirmation, and how will you utilize the new crypto credit card to earn 0.5% crypto cashback?