Bitcoin Update: Navigating the Dip—Patience is Key
As anticipated, Bitcoin’s recent moves have been anything but forgiving. The loss of key support levels and a bearish retest of $98K have brought us closer to $92K, with $85K still on the horizon as a possible, though less likely, target. The market remains unpredictable, and caution should be your guiding principle.
While Bitcoin’s long-term uptrend structure is intact—higher highs and higher lows remain visible—the short-term outlook demands vigilance. The hidden bullish divergence on the RSI gives a glimmer of hope for a rally in the coming days or weeks, but this isn’t the time to get reckless.
I always plan for the worst-case scenario. Before buying my current spots, I saved 40% of my spot capital as a buffer for situations like this. I suggest you adopt a similar approach going forward. Don’t put all your capital into crypto—keep enough USDT aside to weather market reversals and seize future opportunities to diversify or DCA into strong coins.
For now, I’m not buying or longing anything new, and I recommend you hold off too. Weekends often bring heightened volatility, and the market hasn’t shown the clear signs of a shift that I’d want to see before taking action.
If further dips come, they could set the stage for something bigger—a chance to accumulate quality assets at a discount. When the time is right, I’ll share the coins I believe are primed for a rally. For now, patience and discipline are your best allies.
And remember, these dips—while painful—could pave the way for incredible opportunities. Stay safe, stay wise, and if you want to trade alongside me, Click here to copy my trades and 🚀💰. Let’s continue to grow together and prepare for what’s next. Cheers!
