Currently, the market is in a fierce battle between bulls and bears. From the trading volume perspective, the bears have a slight advantage. If it breaks down, there is significant profit potential below. Looking at the liquidation map, the benefits of price drops are greater, so it's advisable to wait for either a breakdown or a breakout before placing an order.
Of course, if I follow my usual trading habits, and I want higher profits or to simplify things, I can open a 【short position】 now with a stop just above the previous high, using 3x leverage. If it hits the stop loss, it would only be around 5%, which is acceptable, but if the direction is correct, the profits will be higher.
Trading is just doing business. Both profit and loss are very normal. What we need to do is improve our win rate and achieve higher profits.
I just took another look at Bitcoin and Ethereum on the 5-minute chart. Currently, the bears have a slight advantage.
If you plan to place an order, I recommend clicking on the three coins below, as the 【gap】 is larger based on trading volume.
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