To be honest, this market is really hard to navigate. When the dogs come, we have to shake our heads... jumping up and down, repeatedly poking, roller coasters, big players dominating, the dog traders are not giving retail investors a way out... At a high position, indeed I don't dare to chase the highs anymore. The resistance above and the previous high points are clearly displayed on the chart. The probability of directly pulling to a new high is low, the bullish side is too strong, and the weight in the vehicle is too heavy; if it doesn't drop, it can't fly...
Looking at the market, although the 4-hour level has been shrinking in volume, the price occasionally makes a false upward move, with a volume decrease while rising, creating a trap for bulls. At high positions, we don't dare to chase the rise, forcing everyone to short. After a small drop, a deep V temptation comes, pulling it back up... back and forth washing, both bulls and bears are uncomfortable...
If you shorted Bitcoin at 108,000 and Ether at 2,520, I hope everyone is light on positions and understands to reduce their holdings in batches. Be sure to control your positions well; this market can easily trap you. Don't always try to profit from both sides; it's easy to end up chasing highs and killing lows. Lower your desires, lower your positions. If you want to have a broader perspective, you must be ready to face the risks of floating losses and being trapped! Always remember, to gain larger profits, you must bear corresponding risks. This market is hard to predict. Even if everyone might not have entered short positions, the viewpoint remains unchanged. Please use this as a reference, and be sure to be rational and maintain a sense of respect!
