⚠️⚠️Attention!! Partners who are trading now must keep an eye on the market! Bitcoin has reached a critical position, around 95000 is a dense trading area within the range, and once it breaks through, a change in the small range may occur. Around 100,000 will be the strongest resistance level.
Bitcoin has been changing hands around 95000 for a long time, and from all aspects, there is a high probability of a change in trend. At this point, a breakthrough does not necessarily mean going long, although the long-term view is bullish, it is currently in a retracement phase.
When trading, it is essential to look at the trend in the long term and find entry points in the short term. If the short-term trend is also favorable, the entry point is better. However, if you go against the trend, the consequence is likely to be a stop loss or liquidation!
My personal view continues to reflect previous advice, mainly focusing on shorting at highs. The probability of maintaining the interest rate unchanged is high, which means bearish news, and a drop of 3%--5% is not excessive. I want to clarify that this is a personal opinion, betting on the high probability event of no rate cut, rather than a certain market situation. A reasonable risk-reward ratio in high probability events is worth trading, provided you have enough experience and ability to grasp such market situations.
Such prolonged soft and hard bargaining is market behavior; the operator just wants to see the market's attitude towards Bitcoin. Currently, both sides are struggling to make a decision. If the operator raises the market significantly, it will not be recognized, and the funds for relieving positions far exceed those for harvesting retail investors. If there is a significant drop, the retail investors' chips are insufficient, and the beneficiaries will be those shorting. Moreover, with the Federal Reserve's interest rate meeting approaching, after waiting for so long, major actions are inevitable!
You must continuously pay attention to market changes. Once a trend change signal appears, I will release it immediately to help you catch a wave!
