Just brushed the BTC one-hour line, and it directly made me feel uneasy
• Current price: 65,929.35 USDT, down 2.28% in 24 hours
• 24h lowest: 64,914.46 USDT, almost broke through the 65k mark
• Moving average situation: MA7, MA25, and MA99 are all above, still under pressure in the short term
• Trading volume: 79.94 BTC, the volume is not particularly large, and the selling pressure is temporarily controllable
From the market perspective, the one-hour level has just pulled back a bit from the low of 64,914, but the two moving averages MA25 (66,401) and MA99 (66,194) are pressing down hard, making it difficult to rebound directly in the short term.
Now looking at the cycle data:
• 7 days: -2.46%
• 30 days: -26.33%
• 90 days: -27.61%
• 180 days: -39.41%
This wave of correction is indeed quite severe, and many people are asking: Is now a good time to buy the dip?
My view is:
1. Short-term: First see if the 65k mark can be held; if it breaks again, it may need to explore lower;
2. Medium-term: If you are a long-term believer, it's fine to build positions in batches, but don't go all in;
3. Risk warning: The crypto market is extremely volatile, don't leverage, don't go all in, investing with spare money is the way to go.
Do you think this wave of BTC has corrected sufficiently, or is there a larger decline ahead? Let's discuss your views in the comments $BTC