After checking the charts first thing this morning, it’s clear the daily candle ripped through 65k with real conviction. Selling pressure and volume didn’t fade on the way down.
I’m not fighting it.
Some people are probably hoping for a quick bounce at 60k. History and the current structure suggest something different — once price returns to these lower zones, it often sweeps through before the real bottom forms. That’s the zone I’m watching for, somewhere in the 50-55k area over the next 1-2 months, where the remaining 60% of my cash reserve actually makes sense to deploy.
Until then, I’m still running the same monthly DCA. No changes. If price decides to reverse hard from here instead, my system will tell me when it’s time to add positively — not hope or fear.
I can be wrong on the timing. That’s fine. The process still protects me either way.
DYOR. Not financial advice.
What’s one level or zone you’re watching closely right now, even if the crowd isn’t talking about it yet?