BTC currently sitting at a critical juncture. If you're chasing longs right now, you might want to reconsider your approach. This price level has been acting as a formidable resistance for the better part of 2 months—it's not accidental.
Could we see a breakout to new highs? Sure, that's definitely in the cards. But timing matters. Going long while price is still wrestling with resistance? That's fighting the odds. The smart play is waiting for confirmation. Once we actually clear above this zone decisively, that's when a long setup becomes legitimate.
Until then, patience beats aggression. Let the market show its hand first.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
6
Repost
Share
Comment
0/400
DegenDreamer
· 15h ago
Wait for confirmation of a breakout before getting in. Currently, bottom-fishing is purely a gamble on luck.
View OriginalReply0
SeasonedInvestor
· 01-14 00:51
Wait for the breakdown confirmation before talking. Entering now is just giving away the opportunity. The two-month resistance level is not a joke, brother.
View OriginalReply0
TokenSleuth
· 01-14 00:51
You're still talking about waiting for confirmation. Everything you say is correct, but I just can't make any money.
View OriginalReply0
degenonymous
· 01-14 00:50
Wait for the breakdown before taking action. Buying the dip now is just giving money to the market.
View OriginalReply0
LazyDevMiner
· 01-14 00:34
You're right, this level has been capped tight for the past two months, so why rush? Let the bullet fly for a while, and get in after the breakout is confirmed.
View OriginalReply0
AirdropHarvester
· 01-14 00:32
Let's wait until the breakdown happens; right now, those entering long are all cannon fodder.
BTC currently sitting at a critical juncture. If you're chasing longs right now, you might want to reconsider your approach. This price level has been acting as a formidable resistance for the better part of 2 months—it's not accidental.
Could we see a breakout to new highs? Sure, that's definitely in the cards. But timing matters. Going long while price is still wrestling with resistance? That's fighting the odds. The smart play is waiting for confirmation. Once we actually clear above this zone decisively, that's when a long setup becomes legitimate.
Until then, patience beats aggression. Let the market show its hand first.