6.4 Cryptocurrency Market Analysis, How to Seize Opportunities in Low Volatility
Last night, we advised everyone to take profit on long positions in a timely manner. When the price reached 2640, supply immediately increased, selling pressure intensified, and shorts began to exert force, with some taking short positions and others not at the 2640 level.
Basically, the price is fluctuating within our aggressive range in a consolidation zone. Such extreme compression in the market does pose a challenge for conservative traders, but don't panic; the secondary market is never short of opportunities. If you miss this one, seize the next; don't dwell on losses!
At this moment, the key points for Bitcoin remain at the 103055 and 107100 levels as the upper and lower bounds. From the overall structure, the daily level has bottomed out and rebounded, already experiencing consecutive positive candles that have directly reclaimed the resistance near the middle line, attempting a strong breakout and stabilizing above. In terms of momentum, the large positive candle has fragmented into smaller ones, and the sentiment for a breakout is quite strong. Once the middle line breaks and stabilizes, the market rhythm will likely launch another upward attack.
In terms of trading strategy: Still focus on low long positions, just take action when opportunities arise; if not, wait. Volatility equals opportunity; without volatility, there are no opportunities. The market changes rapidly, so make sure to set stop-loss orders when trading.
