Bitcoin has dropped to around $67,000, and today we’re seeing a long red candle, which tells us sellers are still in control. The move from $89K → $74K → $67K shows strong downside momentum, not just a normal pullback. This looks more like a capitulation phase, where fear and liquidations dominate.
So… Is this a buy-the-dip moment?
👉 Short answer: Not aggressively. This is not the classic “easy dip-buy” zone yet.
Here’s why: • The trend is still bearish • Long red candles mean selling pressure is active • We haven’t seen a strong green reversal candle with volume yet
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#BuyTheDipOrWaitNow?
$BTC
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🟠 Bitcoin Market Update — Buy the Dip or Not?
Bitcoin has dropped to around $67,000, and today we’re seeing a long red candle, which tells us sellers are still in control. The move from $89K → $74K → $67K shows strong downside momentum, not just a normal pullback. This looks more like a capitulation phase, where fear and liquidations dominate.
So… Is this a buy-the-dip moment?
👉 Short answer: Not aggressively.
This is not the classic “easy dip-buy” zone yet.
Here’s why: • The trend is still bearish
• Long red candles mean selling pressure is active
• We haven’t seen a strong green reversal candle with volume yet
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What smart traders do now:
🔹 Short-Term Traders • Don’t catch falling knives
• Wait for: – A strong green candle
– Higher low structure
– Volume confirmation
🔹 Spot / Long-Term Traders • This is where slow DCA starts
• Small buys, spread over time
• No lump-sum, no leverage
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Market Sentiment (2 Words)
👉 Cautiously Bearish
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📌 Conclusion:
This is not a “go all-in buy the dip” moment.
This is a prepare, scale, and wait-for-confirmation phase.
If you trade with patience here, you survive the storm — and profit in the next cycle.