When Bitcoin experiences a decline, blindly buying the dip is often a trap. It's better to identify a few reliable support levels first, so the trading space becomes much clearer.
In the short term, around 75,000 has some support, and small positions can be used to test the rebound, but don't expect to take root here. The real golden buy zone is between 64,000 and 69,000—this corresponds to the previous bull market's all-time high, and such key levels often contain significant support.
Looking back at the trend in November 2022 reveals a pattern: Bitcoin only completed its bottom formation at the 2017 bull top and then experienced a rebound. The buy logic in the 64,000-69,000 range also originates from this. Even if short-term volatility is intense, this price range can usually generate a decent rebound. The balance of risk and reward here is quite favorable—profits can be taken, and losses are within controllable limits. This is what seasoned traders often refer to as the "Golden Buy Zone."
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StakeTillRetire
· 5h ago
This theory sounds impressive, but why is it so difficult to implement in practice? I waited a long time at 64k but didn't get anything.
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EyeOfTheTokenStorm
· 5h ago
Hmm... That's correct, but my quantitative model shows that the 64-69k bottoming wave might need to wait a bit longer. Similar patterns in historical data often test repeatedly before truly stabilizing.
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Talking about support levels again? It was the same last year at this time, and what happened then?
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Making money by eating meat and controlling losses... Why does this sound so familiar? Probably next time the "golden bottoming zone" turns into a "leek harvesting zone."
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From my technical analysis, only if 75k can't be broken should we consider scaling down. Don't rush to buy in; the market cycle isn't over yet.
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Your logic still uses the 2017 approach. The market structure has changed now, so copying historical data could lead to a crash.
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If you're doing short-term trading, trying around 75k makes sense, but claiming that 64k is the golden zone—risk warning should be more prominent.
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Wait, are you trying to get retail investors to buy in at 64-69k? The data I see suggests we're not there yet.
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FOMOmonster
· 5h ago
Trying out 75,000 is possible, but if you really want to make money, you'll have to wait until the 64-69 range.
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NFTregretter
· 5h ago
Are you using that same old theory of historical patterns again? I've heard the 64,000-69,000 range too many times, but it never follows the script each time.
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AirdropFatigue
· 5h ago
Here comes that support level theory again. It sounds good, but everyone knows this during a decline. The key is whether you can guess it correctly.
People are already caught halfway up the mountain; by the time you react, you've already lost your pants.
Whether the 64k level can hold is still a question mark.
When Bitcoin experiences a decline, blindly buying the dip is often a trap. It's better to identify a few reliable support levels first, so the trading space becomes much clearer.
In the short term, around 75,000 has some support, and small positions can be used to test the rebound, but don't expect to take root here. The real golden buy zone is between 64,000 and 69,000—this corresponds to the previous bull market's all-time high, and such key levels often contain significant support.
Looking back at the trend in November 2022 reveals a pattern: Bitcoin only completed its bottom formation at the 2017 bull top and then experienced a rebound. The buy logic in the 64,000-69,000 range also originates from this. Even if short-term volatility is intense, this price range can usually generate a decent rebound. The balance of risk and reward here is quite favorable—profits can be taken, and losses are within controllable limits. This is what seasoned traders often refer to as the "Golden Buy Zone."