Focus on whether BTC can stabilize and rebound in the coming days

From a technical perspective, BTC has been leaning bearish recently, with rebounds being suppressed by moving averages of different time frames above. However, there are signs of stabilization and improvement in the short-term timeframe. I have been recommending to buy on dips, and while it has often been met with skepticism, from my own experience, going long has not only avoided significant losses but has also yielded small profits. This is because BTC has shown decent highs daily, especially when it surged above 96,200 yesterday. As long as one pays a bit of attention and takes action, it's possible to continuously swap high-position long positions for low-position long positions, reducing the cost basis and accumulating profits.

In recent days, the Nasdaq has been hitting new lows daily, without any signs of stabilization, but BTC has not followed suit with new lows. Especially in the past few days, ETH has been stronger; BTC broke new lows while ETH did not. Overall, it feels as though BTC is not able to drop any further at the lower end of its fluctuating range.

The market is brewing a new trend, and during such times, I recommend observing for now. If you really want to enter the market, my advice remains to buy on dips, take profits by reducing positions, and then buy back at lower levels, repeating the process. I won't specify exact points; just refer to the EMA moving averages and Bollinger Bands for guidance.

The Nasdaq is not completely broken yet; it has already fallen to near previous lows, and we should see results in the next day or two. Patience is key.