#BTC The current market conditions, with BTC crossing $100,000 again, indicate that market confidence is returning. However, the presence of low volume and heavy liquidations poses risks.
Key Market Points:
1. Low Volume: This indicates an unstable market condition, where a significant move can happen at any time.
2. Liquidation Zones: Heavy liquidation near $89,000 suggests a potential for a major downward move.
3. New Virus: The new wave of COVID-19 is causing panic in the market, which can affect market performance.
4. Scalping and Holding: For short-term traders, scalping can be an opportunity. However, it is advised to hold stablecoins to hedge against any major market fluctuations.
5. Next 14 Days: These are crucial for the market, with the potential for any major move.
You have covered all these points in great detail. In the current market conditions, it is important to remain cautious and strategic, especially when uncertainty is increasing.