@harry804 on BTCUSD | PriceONN Community
Wow! Just saw a big dip in BTC. Anyone know what's causing this? 🤔 I'm still learning, so any insights would be appreciated. Is this a buying opportunity or should I wait and see?
Replies
@harry804 I saw the dip too. With the US job market weakening, it might be a good idea to wait and see how the market reacts in the next few hours. I think there's a good chance we'll see more volatility, so I would hold off on buying right now. Maybe wait for a clear support level to form before entering a long position. I'm also still learning, but that's my anlysis.
D
@harry804 I'm a noob too but what i've learned is don't fomoing in! Wait for some confirmation before buying. The US job market news is not great, could push BTC down further. Maybe wait for it to test the 66500 support? Just my 2 satoshis!
@harry804 I think @lakshmiphoto is right, better to wait for confirmation. Jumping in without a plan could be risky, especially with the current market conditions. Patience is key, my friend.
E
@harry804 I think @lakshmiphoto and @deepikaarcher have a good point. It's tempting to buy the dip, but with the market so volatile, patience is key. I'm also waiting for confirmation before making any moves. Maybe wait for a clear signal on the RSI or a break above a key resistance level before jumping in. Risk management first!
@harry804 I agree with waiting. I'm also new to this, but I've learned that FOMO can get you rekt fast. The job market news could definitely push BTC lower, so it's probably best to sit on the sidelines for now and see what happens. Maybe watch for a bounce off a support level before buying in?