The market surged at the beginning of the week, rose slowly in the middle, and fluctuated towards the end, overall it can be seen as a high-level adjustment. Whether it is a buildup for an upward breakout or a pressure drop, the only thing we can do is wait.
Currently, the most stable strategy is to know when to take profits, regardless of whether you are bullish or bearish. If you want to take a big bite all at once, you need to 'test the waters'. Regardless of your outlook, you should always leave a margin, even if it means having a lighter position. Once a breakout occurs, you can confidently increase your position.
At present, the ratio of bulls to bears can be said to be 6-4. For Yingjie, there is still a tendency to look for a pullback. After all, Bitcoin rose from 98,000 to 108,000 in just a few days with little retracement along the way. According to the thinking of small investors, the downside risk is definitely greater than the upside potential.
On Monday, the monthly line will close, and then there will be minor non-farm payrolls and major non-farm payrolls. Every day is different, and there are surprises every day...$BTC