Guys, with the current prices, don't go long; it's honestly not appealing 🫰🏻🫰🏻

Currently, there is a serious division in the crypto market, and the market sentiment remains in a tug-of-war between bulls and bears...

Firstly, looking at the inflow of ETFs, it has been gradually shrinking over the past two days, and BTC has not formed a trend of increasing volume with rising prices; instead, it's rising in price while the volume is shrinking.

Recently, the straight surge of BTC has not formed a standard pullback, which again indicates unsustainable momentum. After all, a slow rise leads to a long bull market, so waiting for a pullback around 88,000 is the first step.

Although it has broken the downward trend line, the market sentiment is still not optimistic. Just look at the situation in the US stock market to know that the market has not reversed. We can't rely on blind guessing; what is a reversal? Breaking the trend line + pulling back to the previous high + breaking the current short-term high again = reversal. Right now, we can only call it the process of reversal.

Some say BTC doesn't follow the US stock market; this statement is not entirely accurate. Just look at the US stock market, the S&P 500, and other whiteboard trends to know that the movements from last night to today are basically similar. After all, it belongs to an incomplete risk asset but is not a complete safe-haven asset. Given that the liquidity in the market environment is not optimistic, even if it breaks 96,000 and then stabilizes to rise to 100,000, the risk-reward ratio may not be good. Going long right now is honestly not appealing.

Therefore, try not to go long unless there is a pullback. Only engage in high-probability events and trade in the direction of the trend.

Under normal circumstances: BTC around 95,000—96,000, will take some time to grind, slowly consuming the buying pressure. If it continues to fail to break through, it may naturally decline.