BTC Market Depth Analysis
Recently, BTC has been oscillating within a narrow range at a high level. Professionals familiar with trading logic understand that the basic principle is not to act easily in a volatile market.
However, some 'analysis masters' frequently claim to have made substantial profits, which is puzzling—perhaps, in their eyes, a thousand-point gain is considered a 'big profit', while an 80% loss is merely a 'small setback'.
High-level range oscillation often indicates two extreme directions: if there is no favorable news, the market is very likely to reverse downwards; if positive news follows, it can be seen as a bearish continuation or trigger a large-scale upward trend.
But from historical data, the probability of a significant upward movement is low. Cases of turning down after a high-level oscillation are far more numerous than those going up. Therefore, blindly being bullish before a breakout of the range undoubtedly places investors in a high-risk situation.
Some 'masters' attract followers regardless of profits or losses, with their rhetoric: they boast when making profits and seize the opportunity to make money; when facing losses, they avoid the topic.
I personally insist on not easily giving directional advice to avoid putting fans at risk of liquidation. Even if it reduces opportunities to showcase personal gains, I am unwilling to trade the safety of my students' funds for trivial profits.
Under the interlinked global markets, the essence of the market is no different, yet some people exploit fancy interpretations to harvest the public. Trading requires rationality; do not easily believe one-sided statements.
