Learn to buy the dip with Diamond Brother.
First, confirm various technical indicators. The daily RSI for BTC has reached 50, which is basically a neutral level. The weekly RSI is still at a high of 70. If this round is a significant pullback and consolidation, the BTC daily RSI should see 30, and the weekly should reach 50, then BTC is likely to continue falling for another week or two before hitting the bottom, possibly breaking below 90,000.
In comparison, the previous box level of 60,000 is equivalent. BTC in the 80,000 range may experience some panic emotions, but it could also be an opportunity to buy the dip.
Additionally, confirm the CMC sentiment index, which is at 61 today, close to neutral. This is basically consistent with the daily RSI. Both indicate that building positions on the daily level is feasible as it goes lower.
Regarding the altcoin season index, it has basically all collapsed, returning to Bitcoin season. This indicator is expected to continue to decline, causing funds to flow back into BTC, and the entire market will settle down to accumulate strength for the next pump.
Considering various indicators and information, we can currently focus on buying the dip for BTC, accumulating in portions between 95,000 and 85,000, filling our base positions in this range and waiting for a significant rebound, as there is strong support near 90,000. For altcoins, observe first; if buying, the position must be small, as the altcoin season index has not yet stabilized.
I personally have entered a small position at 97,000; this wave must be seized!
