Time to long Bitcoin or further drop ?

[Cryptoababe]

To be honest , I longed from 65k . But I now start to have another fear of a slow drop from the current price . I will appreciate some technical analysis or opinions.

[Oshosondy]

I do not know the leverage that you used, if it is too high, it is better you close the position. It is better you buy bitcoin, send it to a noncustodial wallet and hold it there instead.

But if you used a very low leverage like 1x but not more than 2x,  there is nothing bad about that but nobody know if bitcoin price will drop further or not.

It will be good if you read about funding rate. It is most of the time positive.

[LogitechMouse]

To be honest , I longed from 65k . But I now start to have another fear of a slow drop from the current price . I will appreciate some technical analysis or opinions.

You entered a long position, and then you will ask us if it's time to long already?

If we say "Yes, it's time to go long.", will you hold your position?
If we say "No, it's not the right time to go long, and we expect a further drop.", will you close your position?

If there are somebody here that will share technical analysis on Bitcoin right now then good. The market is going in your favor though because Bitcoin right now is at $70,000 meaning you're currently in profit. This thread that you made is also a proof that you don't have any strategy or plan that will help you decide. All of us here can share a different opinion, and I wonder if who you will follow?

[BitMaxz]

I am not a financial advisor or a professional trader. We do not know what the next price will be; every post here must be considered as an idea.

Here's my own perspective: currently we are in a consolidation phase. Based on what I see, the price is playing between $67k and $71k but there's a bit of manipulation happening on both sides.
If you already made a position at $65k, you already made a profit; the only problem seems to be that you are not satisfied with what you made.
If you know how to trail stop, I recommend you do it right now, and I believe in a 1-hour time frame it has already broken the uptrend because it breaks the previous higher low in a short time frame or in a 1-hour time frame.
There's a manipulation happening at $71k that pumps to $72k, which is considered by me to is a bull trap triggering most of the stop-loss above $71k before the price breaks the higher low. Meaning it shifted back to bearish.
So there's a high chance that the price right now will drop much further. I'm not sure about this after the London session closes or after an hour.

My suggestion is you better take profit because it might drop or do a stop trail and point the first trail under $68k. If SL triggers, don't enter immediately, it's because the price might pump again after taking the liquidities under $67k.

Don't consider my suggestion as a professional trader. I am still studying, and I am using the on-chain data and volume profile to analyze the current price action. Those prices I mention might be FVG on the other view, and consider a hidden support and resistance spotted using volume profile and live liquidity heatmaps.

Edit: If you want to get some idea, we already hit the key support in the weekly time frame. So there's a chance that we might see a possible reverse next week or early this week. So the $65k would be a great deal, but the problem is the market might try to retest the $60k level, and if buyers fail to protect it, the possible price is around $45k or near $50k. This is just my speculation based on the current key levels.

[TheUltraElite]

Keeping leverage aside, because that is something I do not recommend people to do, long position on bitcoin from 65k is definitely a good option but it might take some time to come back to 90k or above. In the meantime both side are possible, we might drop down or we might rise up or another possibility is sideways at 60-70k levels - currently that is having a high possibility.

If you are doing leverage, you might get liquidated before that. That is why I always recommend people to do spot trading and not futures and all that.

[Popkon6]

In the current position, it is best for you to buy Bitcoin and hold it for a long time. Because keeping Bitcoin away has the lowest risk, and the possibility of benefit is high. Therefore, it is best for an investor to hold Bitcoin for a long time according to his position, because if he repeatedly buys and sells Bitcoin, he may face losses. Therefore, buying Bitcoin and holding it for a long time is a very good idea and advanced strategy.

[Yamane_Keto]

The price is finding support around the 200-week exponential moving average at $68,075, which means that what happened may be similar to what happened in the 2025-2026 period, which means that there is a correction coming in August to October 2026. If you are planning to buy, buy a little and wait for more of the correction to happen. The bottom is slightly above $50,000.

[Arenga pinnata]

If the goal is long-term, then I think the current price is good enough to do DCA. There is still potential for decline. So if you can't handle a decline in your portfolio, waiting until the market is truly bearish could be a good move. Like when bitcoin reached a price of 50k or something like that. However, I personally have already restarted my long-term DCA. And I think that even if the price drops later, I will still be able to maintain a fairly good average purchase price. And remember, since this is for the long term, I am more focused on the potential in the future, and for now, I prefer to focus on accumulating according to the target amount I want.

[Wakate]

To be honest , I longed from 65k . But I now start to have another fear of a slow drop from the current price . I will appreciate some technical analysis or opinions.

There is uncertainty in the market and traders need to be wise when making decisions about whether to buy or to sell.
This is not the time to long the market because Bitcoin could fall again and those that had long the market could lose their money by getting liquidated. The price of Bitcoin could go down without any sign or signal.

[WatChe]

If the goal is long-term, then I think the current price is good enough to do DCA. There is still potential for decline. So if you can't handle a decline in your portfolio, waiting until the market is truly bearish could be a good move. Like when bitcoin reached a price of 50k or something like that. However, I personally have already restarted my long-term DCA. And I think that even if the price drops later, I will still be able to maintain a fairly good average purchase price. And remember, since this is for the long term, I am more focused on the potential in the future, and for now, I prefer to focus on accumulating according to the target amount I want.

The price of Bitcoin may fluctuate in short term but if we think from long term investment perspective then price of Bitcoin is deemed to go up. If you have spare cash then don't invest all at once rather follow the DCA strategy. We are not sure whether this is lowest price in current dip or price will go down further and this risk can be handled if we follow the DCA strategy. Wise move is to buy this dip and those who buy at dips are the one who got huge profit in the long run. The choice lies on us whether to buy the dip or follow the negative news in the market that will give you only regret when Bitcoin price will go up.

[passwordnow]

To be honest , I longed from 65k . But I now start to have another fear of a slow drop from the current price . I will appreciate some technical analysis or opinions.

Close that position if you're uncertain. Because the majority here is holding but not with the futures. And despite that I don't have an open position, I'll hold for long term and I believe that some recovery could happen. I think that if you're fearing for a slow drop, close it while you're in profit and see to it of what could happen next. While for some analysis that I've seen, they're not good for me. I mean that they are not favoring the bulls as of now and I think that everybody knows that it's due to the cycle that we're about to enter.

[Sim_card]

Why is your position is open when you are already in profits and don't know what to do. It means that you are gambling and not trading. It's better you take the little profits and close your position to be on the safer side because the price movement of bitcoin is unpredictable and no one knows the next direction the market will be moving to.

[programmer3666]

To be honest , I longed from 65k . But I now start to have another fear of a slow drop from the current price . I will appreciate some technical analysis or opinions.

Your fear is a valid one especially in a negative trend of the market like this. Like right now, the market feels and looks very bearish and in bearish times Bitcoin usually drops in slow momentum, not all at once. That is why the price can keep bleeding and make longs very uncertain and uncomfortable as well. Since you took entery at 65k, I guess it is normal to feel uneasy.

[fredericktaylor]

Bitcoin decentralized, the price of bitcoin fluctuates rapidly, and it is not possible to say for confirm when the price of bitcoin will increase or decrease. Holding bitcoin with confidence for the long term is very important to achieve success in investing. When you hold bitcoin for the long term and wait for the right time during market volatility, the possibility of loss will be reduced and the possibility of profit will increase. Therefore, profit can be expected by holding bitcoin with confidence instead of selling it during market volatility.

[tvplus006]

To be honest , I longed from 65k . But I now start to have another fear of a slow drop from the current price . I will appreciate some technical analysis or opinions.

The cryptocurrency market is designed in such a way that some orders are necessarily liquidated within one day. And the surprising thing is that both short positions and those who have opened long positions are subject to liquidation. This is due to the high volatility. So, as part of trading at this level, your short can be closed with a profit, just as it can be liquidated if you ignore risk management.

[Jegileman]

To be honest , I longed from 65k . But I now start to have another fear of a slow drop from the current price . I will appreciate some technical analysis or opinions.

You’ve already entered a long position and that’s to show that you’ve already gotten a grasp of the market and can tell how the market direction will react to. Coming here yo ask for opinions will either make you continue holding until TP is reached or give you an advise that make you close the long position and then take a short position. What you should know is that, no one can predict the market so perfectly well and work on that prediction, but there will be little changes along the line that makes you want to stop and then the market don’t really obey that. Just stick to your rules, if it’s not paying you, you’ll learn from your mistakes and take another action on the market when predicting the next time.

[Alphakilo]

To be honest , I longed from 65k . But I now start to have another fear of a slow drop from the current price . I will appreciate some technical analysis or opinions.

It's a great position of entry I must say and it's an absolute green, because this is the best position to be in right now from a psychological standpoint .
When BTC would prove that there's actually a slow drop would be when it keeps hitting $72k and falling still, but if it currently reclaims that $74,500 it was at some hours back, then it means there might be no slow drop after all.

The best approach right now should be to consider using profit insurance methods which is a major part of risk management practices to adopt, like moving stop loss to break even, by setting your stop at $66k, so as in a worst case scenario, you actually lose nothing and still have your initial capital and you can also try to take profits, as we move to about $72k by closing about 25%-50% of your current position.

[Stable090]

To be honest , I longed from 65k . But I now start to have another fear of a slow drop from the current price . I will appreciate some technical analysis or opinions.

You don’t have much knowledge about trading, and you decided to involve yourself in future trading. Future trading is so risky, and if you don’t have proper knowledge about trading, you are not even suppose to start it.

If you are scared that bitcoin is going to drop more, then it’s better you just close your trade to be at a saver side. Before you enter a trade, make sure you do your analysis first before you enter a trade, you don’t have to depend on anyone whenever you are trading. It’s surprising that you are already in a trade before you seeking for people’s opinion.

[Zaguru12]

There is uncertainty in the market and traders need to be wise when making decisions about whether to buy or to sell.
This is not the time to long the market because Bitcoin could fall again and those that had long the market could lose their money by getting liquidated. The price of Bitcoin could go down without any sign or signal.

The market has Always been uncertain we can just agree that this last few weeks has come with high volatility and nothing more, I think the market can handle but long and short we cannot justify that one is actually most suitable option to take it depends on what the trader actually reads from his chart and possibly an onchain analysis to back it up. If OP sees a long option from possibly $65k to $70k which I also see as the most likely outcome for now then he should simply go for it.

If the analysis indicates a drop to possible retrace back and test $60k price again which isn’t also ruled out then he  should also take it, my only advice in volatile periods like this for traders is that they consider very tight stop loss as the Market sentiment can easing change

[logfiles]

How long are you planning to keep the position open, and what leverage are you using?
You can even long right if the leverage is very low but be mindful of the funding rate as well if you are to keep the position for a long time.