According to the latest market data from Binance, Bitcoin (BTC) just briefly slid below 104,987 USDT, with a 24-hour adjustment of 1.40%. Does that number look scary? Stay calm! Let's zoom out - this is just a little bump on the long road of the bull market!
A 1.4% drop, what does that even mean? History tells you the truth!
Thinking back to last year's 10%+ 'roller coaster market', this little volatility feels like a drizzle! On-chain data is steady as a rock, and the whale addresses haven't made any big moves, indicating that the big players are quite calm. Are retail investors panicking to get out? Institutions might be secretly happy to pick up some chips!
Three flames are quietly burning, the bullish momentum has not yet extinguished!
ETFs continue to 'suck in' funds without stopping: Last week, the US Bitcoin ETF saw a net inflow of over $800 million! BlackRock and Fidelity are pouring in real money, is this called 'bearish'? This is called 'buying the dip'!
The halving effect has just begun to take shape: After the halving in April, the daily output of new coins plummeted, and the supply-demand drama has just started! Miners are hoarding coins and reluctant to sell, while exchange reserves are steadily declining - scarcity is valuable, the script has already been written!
Global funds are looking for a 'safe haven': Expectations for a Fed rate cut are rising, and traditional markets are becoming more volatile. Young people are flooding into the crypto market, and Bitcoin has become the 'digital gold' of the new generation - where do you think the funds are going?
Tycoon's operational tips: Don't be reckless, but don't be timid!
Spot traders: A drop below 105,000 is a pleasant surprise! You can buy in batches, remember: widen the price gap, control your position, and don't go all in at once!
Onlookers: Closely monitor the key support zone of 103,000-100,000, holding steady is a signal! Bull market pullbacks are opportunities to get in, just be wary of being slow!
Stay steady: Don't let short-term candlesticks dictate your actions. If you're holding spot, close the app and go enjoy some skewers; if you want to get in, make a plan before you act!
Every time there's a pullback, you shout 'crash', but then you look back and see - how come the highs are being refreshed again? History doesn't repeat itself simply, but human nature remains unchanged. Smart people have learned early: hear the trend amidst the noise, seize opportunities in the volatility!
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