Recently, this wave of market movement has been quite intense. Bitcoin has once again liquidated the retail liquidity that was shallowly trapped in the market. The ongoing downward trend has not stopped yet, and it seems it will continue to probe lower.
From a technical perspective, the 85,000 level still serves as a good support point. However, if trading volume remains sluggish and the price continues to fall below around 83,500, caution should be exercised. But once clear signs of a trend reversal appear, that will be the real opportunity to get on board. When the time comes, go all in—what are you hesitating for?
The key still depends on trading volume; only with volume confirmation can the reliability of a reversal be verified.
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MetaEggplant
· 6h ago
It's another round of squeezing the leeks. Why hasn't the bleeding stopped this time?
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Layer3Dreamer
· 6h ago
theoretically speaking, if we map this price action onto a recursive liquidity framework... the volume confirmation thesis here is *chef's kiss*. but ngl, watching retail get liquidated through these micro-dumps is basically what happens when cross-chain bridges lack proper state verification, y'know? same entropy patterns.
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CryptoCrazyGF
· 6h ago
Another round, my heart, is numb
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DegenDreamer
· 6h ago
It's going to fall below 8.35 again. I already cleared my position long ago.
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OnchainFortuneTeller
· 6h ago
Another round of slaughter feast, retail investors really know how to get hurt.
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GateUser-75ee51e7
· 6h ago
You're trapped again, huh? It feels bad... If it breaks below 85,000, it's really going to be risky.
Recently, this wave of market movement has been quite intense. Bitcoin has once again liquidated the retail liquidity that was shallowly trapped in the market. The ongoing downward trend has not stopped yet, and it seems it will continue to probe lower.
From a technical perspective, the 85,000 level still serves as a good support point. However, if trading volume remains sluggish and the price continues to fall below around 83,500, caution should be exercised. But once clear signs of a trend reversal appear, that will be the real opportunity to get on board. When the time comes, go all in—what are you hesitating for?
The key still depends on trading volume; only with volume confirmation can the reliability of a reversal be verified.