Is NVIDIA's earnings report the trigger? BTC drops below 112,000 in a minute, when can we buy the dip?

After the release of NVIDIA's earnings report, the stock price plummeted significantly, leading to a short-term drop in Bitcoin by thousands. However, from a technical perspective, the current decline has not reached key stop-loss levels, and the hourly upward trend has not been broken, making the overall risk manageable.

Yesterday, I entered the market at 111,800, and the current price has risen to 112,800, yielding some profit. However, chasing the high now is not wise; without breaking the key resistance at 114,000, we cannot confirm a stop-loss signal, making the current price point less cost-effective for participation.

It is advisable to remain patient and consider entering when the hourly level retraces to the range of 111,500 to 112,000; the risk-reward ratio at this position is more reasonable. The market still has the potential for fluctuations, and cautious operations can help avoid being washed out by short-term volatility. Follow Shisan Yi, the professional team will guide you to accurately target the swing points, and keep up with the rhythm to let your assets take off! Shisan Yi steadily doubles your trades, low leverage, private contract #美联储降息预期 #比特币巨鲸换仓以太坊