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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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The day before yesterday, it was predicted that BTC would return to the 4h upward trend channel, which fell slightly yesterday due to the negative CPI data, and then quickly digested, rebounding to around 71,000 this morning, and is currently stable at this position. Basically, the upward trend will continue. If there is a larger level of decline, it may be after the halving, after the BTC positive is exhausted. But it is foreseeable that the future decline has been limited. Therefore, it is a good operation to buy chips on dips!
Many people don't understand what it means to buy chips on dips, so taking BTC as a reference, for every 1.5% fall, that is, about 1,000 points, other small currencies will follow suit and fall by 3-5%. In this way, it is foreseeable that when BTC falls by 5,000 points, that is, about 7.5%, small coins will fall by 15-25%, which is already called dipping.