Nothing screams market uncertainty louder than thousands of traders drawing different "must-hold" support levels. When we started dropping from $80K, people were calling for $75K, $72K, $70K, and $65K as the ultimate bottom. In the end, we went all the way down to $61K - and the story might not be over yet....
The truth is, nobody knows where the final dip before the reversal will be, just like nobody knows where the exact top is. Focus on risk management, not crystal-ball predictions✊
@AshCrypto This is my long-term bullish scenario. The key is not to panic. Manage your risk properly, stick to your plan, and you'll put yourself in the best position to capitalize on the move ahead
@Learnernoearner Good setup, but if the bitcoin well test 65-63k range you could take a loss here.
I'm also looking at the same setup, but with a stop-loss above 1616 and a take-profit at 3620.
@FabianoSolana There are hundreds of coins to trade, yet people still choose the ones that end up wiping out their accounts. Why not just avoid trading these scams?
Don't panic, guys.
The $65K–67K range, or even $63K–65K, is where I expect the market to find support and bounce back. There were simply too many long positions stacked up across the market, making a flush-out move like this highly likely.
Now it's all about watching for a reaction from these key levels
Looks like a planned sell-off.
Take a look at the massive USDT and USDC borrowing activity before the dump. They likely borrowed stablecoins to increase selling pressure and make it harder for buyers to absorb the move.
At the moment, those loans are gradually being repaid, which suggests the $65K–67K zone could serve as an accumulation range before a move back toward $70K
@BitcoinSnipe Of course no bro!
Probably somewhere around 30–35 max, and even that's not guaranteed. No amount of TA can accurately tell you where this thing will stop. Just look at previous pump/dump tokens and you'll get a rough idea of where these kinds of moves usually run out of steam.