📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
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💰Total prize pool: 4,464 $ESPORTS
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🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
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Bitcoin Gave One of the Two Opportunities: Should Altcoins be Bought? Analyst Reveals Critical Data! - Koin Bülteni
Bitcoin investors are waiting for confirmation of the base price to evaluate altcoin and futures trading opportunities while expecting a drop of 15% or 30% from the all-time high level.
Cryptocurrency analyst Trader Dera, in a sharing aimed at Bitcoin investors, explained the downward levels and strategic buying points. Currently, Dera pointed out that the price of Bitcoin has come close to a price level of around $90,000 with a 15% decrease from the all-time high (ATH), and emphasized that the price could show further decline.
Critical buying levels for Bitcoin
According to Trader Dera, there are two important buying levels for Bitcoin: 15% and 30% drops from ATH. Bitcoin, which is currently approaching the 15% drop level, could create an opportunity for investors. However, according to Dera, trading without confirmation of the "bottom price" can be risky. Therefore, investors are advised to wait for the price to fall by 30% or for the bottom price to form at current levels.
Recommendations for altcoins and futures trading
Dera noted that buying opportunities for altcoins and blue-chip meme coins could arise with the decline in Bitcoin price. Investors interested in futures should wait for the 4-hour trend to turn bullish. Accordingly, it is recommended that investors switch to spot trading and take advantage of short-term profit opportunities when the base price is confirmed.