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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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February 5th, Bitcoin and Ethereum, Silk Road
Today, the market is dominated by profit-taking factors. Bitcoin has plummeted from 98,000 to 71,600, with no room for bulls to fight back. The market has already started to experience a stampede. The key point is whether the 70,000 level can hold this wave of decline. As for Ethereum, keep an eye on the 2000 level. The overall strategy today is to open short positions at high levels.
Personal trading suggestions:
Bitcoin can be shorted in the 73,500-74,500 range, with the first target at 71,000-70,000. If this level breaks, continue to look down to 68,000.
Ethereum can be shorted in the 2,180-2,200 range, with targets at 2,100-2,050.
$BTC $ETH