BTC 92200: Dare to buy the dip? First, assess whether your bullets are enough to fill the pit.



The big pancake dropped again to 92200 this morning. Many people think that yesterday's dip to 91800 held up? That's a big mistake.

This is a common problem among retail investors, unchanged through the ages.

Mistaking sideways movement as a sign of stopping the fall, and stopping the fall as a sign of an upward trend.

Currently, the 4-hour K-line indeed shows no decline.

But look at the 1-hour and 15-minute charts.

The screen is full of frustrating zombie K-lines, even more volatile than an ECG in a hospital. To put it simply: the main force has no intention of rallying, they are just temporarily holding the knives used to smash the market, coldly watching retail investors fight among themselves.

Bearish plan:

BTC: Short at 928-932, defend at 942, target 91700, break below to see 910-903

ETH: Short at 3215-3235, defend at 50, target 3139, break below to see 3115-3104$BTC #加密市场观察
BTC-1,77%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)