everyone thinks this dip is an easy bounce play, but actually, you are probably just catching a falling knife. most retail traders are already fomo buying this breakdown thinking it is the local bottom, only to get trapped and liquidated when the real flush happens.
look at how $BTC just broke down from the range. we are currently pressing straight into that lower liquidity pool around 62.4k to 61.3k. ngl, a lot of people are bidding here expecting a clean sweep and instant pump, but the order flow tells a different story.
if we do not reclaim 63.5k quickly, any bounce is just a bull trap. the smart play is waiting to see if we hold the sweep or if we just drift lower, even if those upper targets at 64.7k and 65.8k look juicy. i am watching how $ETH reacts here too, because if king coin fails to hold 61.3k, the rest of the market is going to bleed.
are you bidding this sweep or waiting for confirmation?