The current Bitcoin market trend is still within the anticipated range, with irregular fluctuations in the interval. At this point in time, do you understand why this is happening and what will happen next? Once a trend reversal signal appears, will it be an increase or a decrease?
First, let's interpret why there has been fluctuation during this period. In fact, this has been clarified in several previous articles. After the significant rise and breaking of historical highs, there has been high-level interval fluctuations. The reason is simple: the major players are cashing out, while the market's retail investors are blindly chasing after buying! After a certain time, a decline will begin. The longer the high-level fluctuations last, the higher the proportion of retail investors in the market. Once a decline occurs, more people will be trapped; they will either stop-loss or face liquidation! And very few retail investors are willing to cut their losses to survive, resulting in liquidation and the major players harvesting even more!
A long time ago, the more Bitcoin rose, the more I had a mindset to short, which is called contrarian thinking. The result was correct; waiting for a month is enough, just waiting for one significant drop is sufficient. Moreover, it has happened several times!
Why is it a fluctuating market at this stage? Due to the continuous decline earlier, including significant drops, the bullish positions at high levels or spot holdings have been nearly exhausted. Continuing to decline offers no benefit to the major players; without retail investors, a mindless drop will only crash the market, and retail investors are even less willing to enter the market. Therefore, the current stage is a process of consolidation, turnover, and long-short games. The major players do not need to participate; as time goes by, it will provide them with a clear result of the long-short game. They will execute a double kill, then start a trend reversal, eliminating the side with more capital.
In the absence of increased volume, the range of 80,000 to 90,000 Bitcoins can be understood as a fluctuating market. Apart from grid trading, no other operations are recommended, as it does not fall within my personal trading strategy. Partners who prefer short-term trading should adopt the mindset of shorting at high points and going long at low points. The appearance of a trend reversal signal is likely to take some time; after all, without sufficient time, the major players will not act until they are sure to initiate the next round of harvesting.
If you want to obtain timely and effective market information, pay more attention to my articles. I will release the trend reversal signal as soon as possible, which is crucial for your trading trend judgment.