#BTC #ETH

Can we buy the dip now?

The highest point has already dropped 65%, and it took almost 170 days to fall from the peak to the current low. Recently, there has been a secondary acceleration downwards after a period of sideways fluctuation. I mentioned this morning that a key position around 57800 is coming up, and I believe it is a good entry point. Of course, for contracts, we should catch the rebound waves, while for spot, we can lay out positions slowly!

Bitcoin spot buying strategy: Enter at 57800 (0.618), with the limit being a pullback to 0.8, which is around the 38k area for additional buying. In the meantime, we can add more at 48k.

Ethereum is dropping even more smoothly, already touching around 1750. The next step may be around 1500, mainly due to many whale liquidation actions. If these whales do not liquidate, it is unlikely that prices will easily take off!

Ethereum spot buying strategy: It is recommended to synchronize with Bitcoin's operation. I wonder if we can still buy ETH at triple digits!!!