If you are still buying the dip without looking at volume profiles, stop now.
Too many traders try to catch falling knives during market corrections, only to watch their portfolios bleed out as the floor drops. They mistake a temporary pause for a bottom and get trapped in losing positions.
The recent price action shows selling volume expanding aggressively, which aligns perfectly with Elliott Wave theory for a classic Wave 3 capitulation. We saw trading volume spike by over 40% as $BTC broke key support levels, forcing late buyers to liquidate. While some analysts argue this is a massive bear trap engineered to shake out weak hands, the sheer volume tells a different story.
When selling pressure intensifies like this, historical patterns suggest the downward momentum is far from over. Trying to front-run the reversal on assets like $ETH and $SOL right now is highly risky because Wave 3 is designed to inflict the most pain. The data shows that momentum is firmly with the bears, and waiting for the Wave 5 exhaustion is the only logical play.
Are you stepping aside until the selling volume dries up, or are you actively bidding these levels?