Will this pullback be a buy the dip opportunity?

BTC has experienced a death cross again. I looked at the historical data, and the last three death crosses are quite interesting - each one marked a trend reversal and formed a temporary bottom.

Will this death cross from 126 to 94 become a new bottom like before? Or is this time different?

To be honest, technical indicators can sometimes be quite esoteric, but historical patterns do hold reference value. Currently, market sentiment is rather pessimistic, but often panic is when a turning point occurs.

What does everyone think? Should we continue to wait and see or prepare to build positions in batches?

BTC-0.42%

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SchroedingersFrontrun

· 7h ago

The death cross is really different this time; it feels like the fundamentals have collapsed. Just looking at technical indicators is useless. --- History repeats itself, but the macro environment has completely changed in this cycle. Don’t just focus on the charts. --- Panic is panic, but I’ll wait until it breaks 90 before saying anything. There are too many people catching the knife right now. --- Building a position in batches is fine, but don’t go all in at once; this kind of market is too strange. --- Whether it’s mystical or not, the key is whether you have enough psychological resilience to buy the dip. --- I’m waiting to act after confirming a rebound. Right now, it feels like the probability of being trapped is higher. --- It looks like a buying opportunity, but in reality, you might be catching it halfway up the mountain. That’s the magic of the crypto world. --- Rather than studying the death cross, it’s better to see what institutions are doing; that’s the real signal. --- Anyway, it has already fallen this much; continuing to drop won’t gain much. It’s better to take a gamble. --- The technicals may look good, but with Trading Volume this weak, it’s really hard to say how far a rebound can go.

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SybilSlayer

· 7h ago

History will repeat itself but never completely copy, whether this death cross can buy the dip depends on the volume support behind it; without volume, everything is in vain.

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DeFi_Dad_Jokes

· 8h ago

Every time there's a death cross, they say it's going to reverse, but it seems like it continues to fall more often, haha --- I think we need to take another look at that position of 94, no rush to buy in --- When it comes to historical patterns, it's fine to believe in half of it, but don’t believe in all of it blindly --- Building a position during panic sounds reasonable, but I'm afraid if it continues to big dump after I build, my mindset will collapse --- Instead of studying technical indicators, wouldn’t it be more reliable to follow on-chain data? --- I just want to know if this bottom is at 94 or 60, should I wait for a signal before making a move? --- Talking about turning points, I just want to ask who still has the bullets to take this trade --- Building a position in batches is indeed rational, but the premise is that you need to have enough mental preparation --- Death cross succeeds once out of three times? That probability isn’t as high as one might think.

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