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#CryptoMarketsDipSlightly
The market is bleeding slightly, and I can already feel the fear creeping into the DMs. Seeing that portfolio number drop by a few hundred or thousand dollars is never fun, but if you have been in this space long enough, you know this is just another Tuesday in crypto land. I am calling this a classic buy the dip event rather than the start of a bear market. Look at the charts. We were overextended to the upside. When funding rates get that high, a correction is not just likely, it is healthy. My prediction for the next few days is that we see a consolidation between current support levels before a slow grind back up. This is simply leverage being flushed out. Once the weak hands sell, the smart money will accumulate.
For those of you who trade levels and not emotions, here is where my focus is at. Bitcoin is currently testing the 65k zone. If we lose this, the next major support is at 62k. I expect a strong bounce here. If you have cash on the sidelines, DCA into this range. Ethereum is leading the dip slightly and I am watching the 3200 level. This is prime accumulation territory for alt season speculators. This is where it hurts the most, but it is also the biggest opportunity. Many altcoins are down 8 to 10 percent. Remember, these dips separate the projects with real utility from the vaporware.
I have been in the game since 2017 and I have learned more from red candles than green ones. I still remember the crash of March 2020. Watching my portfolio get cut in half was terrifying. I sold at the bottom out of panic, only to watch it rocket up weeks later without me. That feeling of being left behind is worse than the loss itself. Now, when I see a dip like this, I do not see a loss. I see a sale. This is where experience pays off. The noise gets loud and the influencers start screaming collapse, but the charts are simply doing what they always do, shaking out the tourists.
My strategy right now is simple. I zoom out because on the weekly chart this dip looks like a tiny blip. I avoid leverage because this is how people get wrecked. I stick to spot trading only. I also step away from the screen, go for a walk, and check the prices tomorrow morning. Do not let a slight dip shake your conviction. The macro environment is looking better than ever with the halving coming up and institutional money flowing in. This is a test of patience, not a test of intelligence.