Are the brothers starting to buy the dip? Is this the bottom?
This morning, it accelerated its decline to 60,000 (some spot prices seen in the 50s)
I've noticed many brothers starting to buy the dip
For the spot market, it's reasonable to gradually invest below 60,000
Only 30,000 points away from 30,000, but 60,000 points away from a new high
Thinking about it, it's all a good deal, and more importantly, it's about faith.
However, for trading, based on the market's performance, an objective evaluation is:
Currently, it belongs to a natural rebound after a sharp drop, and there are no bottoming signals or reversal of the bearish trend; it is still moving in a deleveraging liquidation trend, this is a rebound repair.
Day trading is still mainly focused on shorting the rebound; today, pay attention to shorting around 66-67K, and for strong rebound points, focus on shorting around 68.8-70
If it stabilizes in the 68.8-70 area, then continue to look up to 72K, and only if Ethereum stabilizes above 2000 should we consider a bottom structure turning bullish signal.
If the subsequent second test stops at 60K, then it may walk through a period of bottom range fluctuations; initially, pay attention to where the natural rebound high point is to define the range.
In summary, starting to buy the dip in the spot market for regular investments is reasonable, but I cannot chase high for contracts.
