Brothers, good morning! $BTC
To get straight to the point: Bitcoin has currently reached the lower end of the "new buyer cost base range". This position is the "psychological barrier" that we value the most when taking positions.
In simple terms: the average cost for retail investors who entered recently is within this range. Now that the price has hit the lower end, it means that most of the new entrants are at a floating loss or on the edge of the cost line. From the on-chain chip structure, this is a strong support area, and if the main force wants to maintain its pattern, it must hold here.
From the market perspective, the upward momentum has not yet clearly formed; it is still in a low-volume fluctuation. Until a large bullish candle appears, no one dares to say a reversal. But we are trading based on probability, and buying at this position offers a very favorable risk-reward ratio—downside is limited, and once the momentum repairs, it will aim for the upper end of the range.
In terms of operation:
Don't rush to take large positions; just accumulate in batches near the lower end of the range. Short-term traders can place their stop-loss below the support level by 200-300 points; if it doesn't break, hold it, if it breaks, then accept it. At this position, it’s better to try and error than to miss out.
Remember, when others are panicking, we focus on the chip cost. Hold onto your spot positions or low long positions, and wait for the right opportunity.
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