đź“ŠRED MARKET ACTIONđź“Š
As you’re undoubtedly aware, the entire market has taken a hit today, to the tune of about $50 billion📉
Yesterday we saw $BTC bounce from around $13.3k to $14.5k before hitting resistance. That’s when the selling began. As we’ve stated numerous times before, BTC volatility in either direction never bodes well for the market at large.
Bears are out in full force. For us, this is a “no trade zone”.
If you have capital available, “buying the dip” can be very advantageous on days like this. We typically like to set buy orders on the way down at previous support levels in hopes of catching a bounce.
Try not to make decisions without clear thought; panic selling is almost never without regret in our experience.
The smart money is buying the blood đź‘Ś