Current market data:
BTC price: $66,655
ETH price: $1,992
Today's market trend is relatively weak. BTC has pulled back from 87,000 to this position, with a decline of more than 20%. This position is quite critical; if it holds, a rebound is expected. If it breaks down, it may go below 60,000.
From on-chain data, whale addresses have shown significant accumulation signs around 66,000. This indicates that some funds believe this price is a good entry point. However, retail investors are still panic selling, and this divergence often means that the bottom is not far away.
On the news front, the tense situation in the Middle East has a short-term impact on the market. But this influence will gradually fade. In the long term, the logic of the bull market has not changed; it just needs more time.
Operational advice: At the current position, one can start to build a position in batches, but do not go all in. Keep enough dry powder to wait for lower positions. It is recommended to set the stop-loss below 66,000.
In one sentence: When others are fearful, I am greedy, but it should be done with a plan.