#BTC☀
《Fluctuating Trends - Current Market Analysis》
Negative news led to a sharp decline, clearing out long positions, followed by a surge, releasing positive news. This has become a common tactic, and only retail investors get hurt; as long as leverage is involved, one cannot escape this market cycle.
The volatility of the big coin within a day is 10 points up and down, indicating the strength of this leverage-clearing phase. Although the market has seen a strong rally, the trend shows that the big coin has stalled around 101000.
History does not repeat itself, but there will be some similarities. Referring to the last time on January 13, after clearing leverage, there were two short doji candlesticks on the daily chart, and then it began a second exploration; the current trend is strikingly similar.
Three days later happens to be when the unemployment rate and non-farm payroll data will be released, so everyone needs to stay vigilant and not rush to bottom-fish. It's better to patiently wait until this week's turbulence passes before deciding on the next steps. After reducing our positions, we haven’t added back; if there’s an increase, we have chips to sell, and if there’s a second exploration, we have funds to buy back, which will allow us to navigate this market situation better.
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