#BinanceABCs $BTC Thinking back, the crypto market was really an independent market back then, with little intersection with the US stock market.
The turning point has arrived——we are now in an era of complete integration. ETFs are entering the market, large funds are pouring in, and every time the US stock market opens and closes, the crypto market shivers a bit. You need to pay attention to this rhythm.
BTC has recently fallen quite a bit, and many of the top 100 coins have already touched their yearly lows. Many people are eager to buy the dip, but I suggest first looking at the weekly charts of the Nasdaq and Dow Jones — honestly, the risk of a correction is still quite high.
My view is that the 75,000 level is very critical, close to the bottom level of the past year. If the price can hold around 75,000, you might consider small-scale positions.
What if it can't hold? Then wait until around 63,000, which would be the real entry point.
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#BinanceABCs $BTC Thinking back, the crypto market was really an independent market back then, with little intersection with the US stock market.
The turning point has arrived——we are now in an era of complete integration. ETFs are entering the market, large funds are pouring in, and every time the US stock market opens and closes, the crypto market shivers a bit. You need to pay attention to this rhythm.
BTC has recently fallen quite a bit, and many of the top 100 coins have already touched their yearly lows. Many people are eager to buy the dip, but I suggest first looking at the weekly charts of the Nasdaq and Dow Jones — honestly, the risk of a correction is still quite high.
My view is that the 75,000 level is very critical, close to the bottom level of the past year. If the price can hold around 75,000, you might consider small-scale positions.
What if it can't hold? Then wait until around 63,000, which would be the real entry point.