Main focus $BTC | Strategy: Buy the dip
It's a bit expensive, but holding it this time won't be painful
$BTC current price 82,634, direction is long, don't chase the high, buy in batches on pullbacks at 82,300-82,600. Stop loss at 81,550, target first looks at 84,805 (T1 on the chart), if it holds, then aim for 86,106 (T2), leverage capped at 3x. Reason in one sentence: The spike at 80,345 washed out the leverage, the fee rate has turned positive three times in a row, and positions started to flow back today — cheap chips were already distributed yesterday, now the price at 82,600 is a bit expensive, but holding it won't be painful.
Last week it dropped from 86,976 all the way down to 80,345, a drop of over 7 points, the drop was very honest: not a panic stampede, but an orderly exit. On 10/09, net position outflow was 380 million dollars, the fiercest day in the market, after withdrawing chips, today 42 million flowed back — the sign of a shakeout is to wash out the last undecided holders, then no one sells anymore.
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