The market indicator for $BTC is bearish, showing no signs of turning bullish. It's normal for short-term indicators to pull back yesterday, but it still needs to drop further. So, for those looking to buy the dip, keep an eye on the market. We need to prevent the risk of being trapped by insufficient further pullbacks and market drops.
For experienced retail investors and independent analysts, I do not recommend entering the spot market during such pullbacks; it's more suitable for contracts. From an indicator perspective, we can see the peak of a short-term pullback, but due to the overall bearish outlook, the market often experiences sudden drops in small intervals. Spot trading cannot exit quickly, while contracts can. Therefore, in such market conditions, I prefer to observe the spot market and trade contracts in waves.
Analyzing the market requires not only an understanding of naked candlesticks and the interplay of indicators but also sensitivity to numbers and advance consideration of time points.
Sensitivity to numbers: When the daily BTC, ETH, and SOL price fluctuations reach a peak value, it aids in analyzing the magnitude of the pullback.
Advance consideration of time points: For example, at 23:50, one should consider that the 15-minute, 30-minute, hourly, and 4-hour candlesticks will begin anew. Keep an eye on the 10-minute intervals as time ticks away, while also monitoring the changes between indicators! Once it hits midnight, the answers become clearer.
Alright, I won't say more! Typing is tiring, I'm done.
