This type of candlestick is actually considered wasted time in trading. The long-term situation after Wyckoff's distribution is like this: the main force occasionally makes a move, then starts selling off, followed by retail investors taking over, then the main force pulls up again, and sells, repeating this cycle. The funds last Monday after the main force pulled the market were abandoned. Last night, this stretch of BTC 89200-93400 is considered a stage double top or a volume-less rebound, which is common in a garbage market. The big pie of 88000 and 2938 ETH that was bought long on Sunday, the night before yesterday, after Powell's speech, all positions were exited in the live room, while the short positions of BTC 94000 and ETH around 3400 are still being held. Last night, no more longs were opened. Originally, the target of 98000 for BTC set on Sunday is relatively hard to achieve. If the 94000 from the night before yesterday wasn't exited, this would be a few days wasted. This market is like licking blood on a knife's edge; if you don't have a few skills, you shouldn't open positions easily because it’s a monkey market.
Originally set at 98000 for BTC and 3600 for ETH on Sunday, whether it can be achieved will be known tonight or next week. If you can't catch the range of 94000-98000, then let it go because each drop is as smooth as stepping on a watermelon skin. As I said in my live room, the next time to enter long depends on whether the main force participates in the next stretch. If the main force doesn't participate, then naturally I'm not interested anymore; I might as well soak in a hot spring, drink some cold milk, and review my studies comfortably.


