Alright, it's time to sell again. $BTC has once again fallen below the support levels on the 4-hour and daily charts, and the drop is not small. It seems that Powell's speech a few days ago didn't really change the funding fundamentals; it was just a short-term emotional rebound in the market. But it doesn't matter, that's all hindsight now.
The daily support level is at 112,722, and the next one is the weekly support, located at... Emmm... 96,052 🧐 Of course, it doesn't necessarily mean it will really drop to that level.
It's time to buy the dip; the cost-performance ratio at this position is very high 🧐
$BTC has bounced off the daily support level of 112,722 without breaking it, so I'm buying the dip. The assets I'm focusing on are $ETH, $ENA, $PENDLE, $LINK, and $SYRUP, all of which are related to on-chain institutionalization and stablecoin narratives.
Of course, if BTC breaks below 112,722 on a daily basis, I will cut my losses. No one can predict the market, but the cost-performance ratio at this position is indeed good.
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