【BTC/USDT Current Market Direct Interpretation】
Bitcoin is currently stuck around $106,825, with fluctuations of less than $40 throughout the day, and the increase is directly zero! This trend is monotonous, but there are undercurrents—MA7 moving average at 106,621 and MA30 moving average at 106,422 are about to converge, which is a typical precursor to a trend change!
The trading volume is even stranger! Currently, the trading volume is only 25 Bitcoins, but the estimated trading volume has skyrocketed to 194. The MA5 trading volume of 85 is higher than the MA10's 80, indicating that big funds are secretly adjusting their positions! The Bollinger Bands are nearly compressed into a single line; such extreme compression will inevitably lead to a directional choice!
Personal opinion: Don’t be fooled by the surface calm! This sideways movement is a trap; it could either surge past 107,000 or plummet through 106,000. Now is the time to bet on the direction, but remember—the curse of prolonged sideways movement leading to a drop has never failed in the crypto world!
Operation suggestions:
Aggressive: Light short positions near 106,800, with a stop-loss at 107,000. Conservative: Wait for the Bollinger Bands to open before taking action; watching from the sidelines is the safest now—remember not to go heavy! This kind of market is most prone to double killings of both longs and shorts!
Let’s be clear, there are many opportunities in a bull market, but it is also a survival competition; staying alive is the most important! It’s still not too late to get on board now.
