Trading indeed relies on trend judgment. Partners who keep up with the community easily reap over 3000 points. Trading is like this: the principle is simple. Abandon all technical indicators, focus on the trend, grasp the entry and exit points, and execute according to the trading strategy.
From the trend of this market, you should learn that when the institution is ready to harvest, it really doesn't hold back! Just mentioned that the liquidation of long and short positions is around 3:1. Regardless of the market trend, you should first blow up the long positions before anything else. Tonight, it indeed pierced a needle down to around 117,000, while the pivot point is around 115,000, which means there is still room for decline. Do not blindly chase long positions.
Although Bitcoin suddenly tested the high point of 120,000, it is now rapidly dropping back to the previous range. It is very likely that this is the starting point for a decline, and a significant phase of correction may have already begun.
Be cautious about going long before reaching around 112,000! Currently, the downtrend is evident, and it is highly likely that it will continue to fluctuate within a range. Therefore, for those who understand grid trading, opportunities to make money have arrived. You can set the parameters properly, primarily shorting in high positions for range trading and going long in low positions for range trading. Spot trading is not an opportunity for now.
If you don't understand the specifics, feel free to discuss in the comments section. I will reply as soon as I see it. Of course, for those who need to grasp the subsequent trends, follow my upcoming articles. I will publish the first signal of any change in trend as soon as it appears: $BTC $ETH $SOL
