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Gate Square | 2/5 Today's Hot Topic: #BuyTheDipOrWaitNow?
🎁 [Community Perk] Post with the topic or #BTC, 10 lucky users * $100 position Voucher.
Market volatility continues as BTC breaks below the $74,000 key support level, with altcoins pulling back in sync. Are you buying the dip in batches or waiting for a better entry point?
💬 Today’s Discussion:
1️⃣ Bottom Signals: Where do you see BTC’s bottom — $70,000 or lower?
2️⃣ Market Drivers: Which recent macroeconomic news or rumors are influencing the market?
3️⃣ Dark Horses: Are there any resilient or outperforming tokens worth watching?
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The current market shows a clear downtrend, with the price accelerating downward after breaking through the 71,800-70,000 key support zone on the 4H chart. The last 4H candlestick shows a surge in volume, indicating panic selling. The order book depth is extremely thin, market liquidity is insufficient, and any rebound may quickly fail due to lack of buying interest. Wait for the price to form a clear bottoming structure at lower levels (such as a volume spike Pin Bar or absorption in demand zones) or for sideways consolidation to buy the dip. Currently, taking contrarian trades carries very high risk.
Trade here 👇 $BTC
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#Gate广场创作者新春激励
#Is the current market bottoming out or just watching?