BTC Bottom Buying Opportunity Analysis: Worth Collecting ⬇️

Key Observation Points: The current Bitcoin bull market has lasted for two years, but from a weekly perspective, there has been no significant upward trend. Similar to the bull market phase of 2014-2016, the current market shows a weekly oscillating upward trend.

⚠️ When is the bottom buying opportunity?

Currently, the Bitcoin price has significantly deviated from the moving average, and the adjustment space for the next quarter may far exceed the upward space, thus the risk is relatively high, and short-term profit potential is limited. It is recommended to consider buying when the price pulls back to the range between the red line and the blue line moving averages, which is currently around $62,000 to $72,000, corresponding to the 0.618 retracement level of the current wave.

Key Points to Watch:

A price pullback to this range means we may see the Bitcoin price drop to $60,000 or even below $58,000. If bought in this range, there may be short-term losses, but from a long-term perspective, buying in this price range has a high profit potential.

The current market is already close to the high of $99,000, and there may be a cooling off period after a short-term frenzy, with the high consolidation period expected to be short, so it is necessary to prepare a strategy and wait for a price pullback before entering.

In summary, the bottom buying opportunity may appear in the $62,000 to $72,000 range. Seizing this opportunity for long-term holding will be a good strategy.

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