Remembering this comment
A few hours ago, the 62.8k support was broken. But that isn't just the problem. A solid red candle dived down, and the daily KDJ oscillator has detected panic selling among whales and retail investors at around 61.4k.
Yes, the bears are gaining momentum.
So, is there still hope for the bulls? 😆
Well, the same KDJ oscillator is still suggesting a bounce back to the 71k zone. We also have a serries of KDJ support at 58.1k, 60.1k, and 60.7k.
Generally market is heading up and I'm still 71k bullish with BTC, but dips and retracement must be welcomed, and anticipated at all times.
At the moment, BTC is trading at 62k. If you're trading in spot, the safest entry is between 58.1k - 61.4k. DCA accordingly.
So back to the comment, I guess 57.8k is technically possible this time.
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By the way, if you're still looking for a safe, low cap, x1000 token, checkout PITBULL.
