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Gate Square | 2/5 Today's Hot Topic: #BuyTheDipOrWaitNow?
🎁 [Community Perk] Post with the topic or #BTC, 10 lucky users * $100 position Voucher.
Market volatility continues as BTC breaks below the $74,000 key support level, with altcoins pulling back in sync. Are you buying the dip in batches or waiting for a better entry point?
💬 Today’s Discussion:
1️⃣ Bottom Signals: Where do you see BTC’s bottom — $70,000 or lower?
2️⃣ Market Drivers: Which recent macroeconomic news or rumors are influencing the market?
3️⃣ Dark Horses: Are there any resilient or outperforming tokens worth watching?
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, and the market has been trending downward in line with our analysis, fully reflecting our post.
On the 4-hour chart, after two rounds of bullish tests near the middle Bollinger Band, the price began a five-session decline, falling back; the Bollinger Bands are continuously expanding downward, indicating that the bearish momentum is still being released.
Each rebound after a decline has been weak, and the overall market remains in a bearish pattern. The KDJ indicator shows a dead cross and continues to diverge downward, further confirming that the short-term market is dominated by bears.
Bitcoin is around the 73,700 to 74,200 range for a rebound, with short positions targeted at 72,400 and 71,800.