The more we touch a support level, the weaker the support will be. Accumulation time is coming guys. Additionally, which coin will you short? Me: I short coins that I want to accumulate
Accumulation time is a very subjective term in my opinion. I personally have a very hard time to buy BTC and ETH maybe in a few weeks for 48k per BTC or 3.5k per ETH just because it dumped a bit in comparison to the weeks before, because a few months or years ago i could have bought BTC for under 10k and ETH for under 1k $. I am also not so sure if really see a correction so soon, i mean we are still a good chunk away from the ATH of BTC and still a little 200 bucks per ETH away from it's ATH from back in may. Of course a small correction can happen anytime out of nowhere but i don't see a majo price drop of >10% in the near future.
If we have a hard time deciding to buy Bitcoin before as we are afraid it dumps, it was the same thing we have to feel this time. Bitcoin price will certainly it goes high but as usual, correction is a part of its journey and we can't just be too emotional otherwise it all we live in worries and uncertainty. I invest in Bitcoin during the correction and it needs some patience and we need to check the market from time to time for an update, or else, we have to miss this chance.
Maybe OP is trying to tell that huge correction will come in the coming days but I'm not sure. Well, anyway, we have to wait for that as I know that OP isn't sure as well.