$BTC Bitcoin 64000 USD is it life or death? After the plunge, do you dare to bottom fish? The answer from experienced traders is very direct #Bitcoin price prediction #Bitcoin bottom fishing #64000 support level #When will Bitcoin bottom out #Cryptocurrency investment strategy #比特币现货操作
Bitcoin has dropped to over 60,000, can it be bottomed out now?
It's too early to bottom fish for long-term positions, but you can gradually accumulate spot positions around the key level of 64000 USD.
Brief strategy:
Market nature: Currently, it is an oversold rebound after a plunge, not a V-shaped reversal. A major bottom on the monthly chart will take months to 'grind' out.
Key position: 64000 USD is the lifeline for spot operations.
You can build positions gradually (not all at once) as the price approaches 64000. As long as 64000 holds, you can hold with peace of mind; if it effectively breaks below, you should decisively cut losses and reduce positions.
Will Bitcoin drop further? How should I operate (spot/contract)?
The market will fluctuate repeatedly, primarily testing the 64000 support. For operations, maintain discipline in spot trading and only engage in short-term rebounds in contracts.
Brief strategy:
Market outlook: There will not be a direct surge; it is highly likely to repeatedly test the 64000 USD support. If this position is effectively broken, the downside risk increases.
Spot operations: Keep a close eye on the 64000 USD lifeline, hold above it, reduce positions below it, rules first.
Contract warning (for experienced traders only):
Only participate lightly in small-level oversold rebounds (short-term bullish), and take profits when they appear.
It is strictly forbidden to chase long positions at rebound highs, and it is not recommended for beginners to try shorting.
Remember the 'Three Nos' principle: no holding positions, no heavy positions, no going against the trend.