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#BuyTheDipOrWaitNow? ๐ The "Smart Peer" Strategy
Since you're looking for direction, consider the DCA (Dollar Cost Averaging) approach vs. the Lump Sum approach:
The Scalp Move: If you're a short-term trader, waiting for a 4-hour candle close above $70k is the safest "confirmation" to avoid getting caught in a fake-out.
The Long Game: If you believe BTC is heading to six figures this year, the difference between $69k and $66k is negligible in the long run. Buying a small "starter" position here mitigates the risk of missing the pump.
Pro-Tip: Keep a close eye on the Funding Rates. If they are reset and neutral while the price holds $68k, it's usually a sign that the "leverage flush" is over and the next leg up is loading.
My Take
I'm leaning toward "Wait for Confirmation." The $68k support is solid, but the air is thin up here. Let the market prove it has the legs to stay above $70k before going all-in.