Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Thoughts on Correction: Is it a Buying Opportunity or Time to Run?



The crypto community has recently been on pause, questioning whether the current market dip is just a short-term shakeout of "weak hands" or the start of a full trend reversal.

Let's take a look at the charts of key assets:

#BTC/USDT
Price: $101,688 #CryptoMarketPullback -2.57%(

- Technicals show BTC bounced off a significant support level around $100,300 )24h Low(, which is also near the lower Bollinger Band )LB: $99,938(.
- RSI )6, 12, 24( is in the 27-35 zones, indicating strong oversold conditions. Historically, this has been an accumulation zone.
- MACD remains in negative territory, but the histogram has slightly decreased, hinting at a possible slowdown in the downward momentum.

#ETH/USDT
Price: $3,339 )-3.70%(

- Ethereum is also testing the lower Bollinger Band )LB: $3,194(.
- All RSI lines have dropped below 40, signaling oversold conditions. The key support levels are $3,200-$3,250.
- Selling volume )VOL( over the recent period is below the 5 and 10-day moving averages )MA5, MA10(, which may indicate exhaustion of bearish momentum.

#SOL/USDT
Price: $157.19 )-3.56%(

- Similar situation: price at the lower Bollinger Band )LB: $152.26(.
- RSI shows deep oversold levels.
- KDJ indicator shows %K )28( and %J are already in zones where a bounce could occur.

What adds to the nervousness?
There’s a noticeable decline in institutional investor activity. Over the past six days, inflows into spot BTC ETFs have been near zero or negative. This is a key fundamental factor cooling the rally and paving the way for correction.

Conclusions:
Technically, the market appears oversold. Key support levels are holding for now. There’s a high probability that this dip is just a correction within an uptrend, not a trend reversal.

📈📉📊What to watch?

- BTC: Hold above $100,000 and especially $99,900.
- ETH: Hold above $3,200.
- SOL: Hold above $152.

If these levels hold and RSI begins to turn upward, we might see a good entry point for averaging down or buying. However, a breakdown of these supports and increased ETF outflows could push the market to seek lower liquidity levels.

What do you think? Is this a dip to buy or the start of something bigger?

⚠️This is not investment advice. Always do your own research )DYOR(.
BTC-2.15%
ETH-3.09%
SOL-3.6%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 13
  • Repost
  • Share
Comment
0/400
WenwenHairvip
· 31m ago
Steadfast HODL💎
View OriginalReply0
SpicyHandCoinsvip
· 1h ago
Stay strong and HODL💎
View OriginalReply0
CoinWayvip
· 1h ago
Hurry, enter a position! 🚗
View OriginalReply0
CoinRelyOnUniversalvip
· 1h ago
Steadfast HODL💎
View OriginalReply0
Discoveryvip
· 2h ago
Watching Closely 🔍
Reply1
CryptoChampionvip
· 2h ago
HODL Tight 💪
Reply1
CriptoPuvip
· 2h ago
HODL Tight 💪
Reply0
User_1334877659vip
· 2h ago
HODL Tight 💪
Reply0
GateUser-8d760d6fvip
· 2h ago
Buy To Earn 💎
Reply0
GateUser-1dcec337vip
· 2h ago
2025 GOGOGO 👊
Reply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)