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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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. In the last cycle, Bitcoin's major bottom also broke below the MA250. There are only a few possible scenarios:
A: Ethereum continues to decline along with Bitcoin down to the MA250, which would mean Ethereum's price becomes very, very low, and this also coincides with a correction cycle in the US stock market.
B: Ethereum is already near the bottom. Bitcoin enters a larger cycle, with a correction that no longer breaks below the MA250. US stocks experience a minor correction.
C: US stocks skyrocket, ending the independent adjustment cycle of Ethereum and Bitcoin, beginning a rebound with violent short covering.
Buy and hold.