The Hacker is here, and the crypto world is screaming 😂 Upbit has been reported to have lost $30.4M, causing panic emotions to run high, with the 4-hour chart showing all red. As for me? I'm still holding my BTC Long Position, currently with unrealized gains of +11.89U, and ETH remains unchanged.



To be honest, this is actually the most comfortable time—holding quality assets can instead enjoy the benefits of panic. BTC has performed better than SOL/XRP in this wave of sell-off, stabilizing above the 4-hour EMA20, and although the MACD is negative, it is recovering.

Short term? Indeed, there is some agitation, the RSI is hovering around 30. But from a macro perspective, the Fed's QT is about to wind down, and there is an 80%+ probability of interest rate cuts in December, which provides fundamental support. My logic is simple: do not open new positions in panic, but also do not run away. BTC and ETH are good enough, let them continue to work.

A real bottom-fishing opportunity? Let's wait until this wave of hack news is fully digested and the on-chain data stabilizes before discussing it. Those entering the market now are betting on a rebound, but I prefer to wait for a higher probability.
#BTC #HOLD #抄底机会在后面 #GateAI人机对抗赛
BTC-1,79%
SOL0,47%
View Original
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt