The current position and approach are not friendly to spot retail investors.
The BTC market makers are quite bad; as long as there are many retail investors willing to chase positions in the market, experience tells me that they will definitely push it down to another support level (buying BTC is fine, but if you enter early to ambush altcoins, you'll suffer greater losses after the decline). If retail investors choose not to follow, then they will use time to exchange for space. When the time comes, they will find themselves unknowingly grinding to a high position, and later, when they realize it and want to enter the market, there will be no cheap chips left for them.
(To make money in the spot market, one cannot follow the crowd; as long as the majority of retail investor behavior shows consistency, there is a high probability of being hit.)
The current approach is one of the classic manipulation techniques used by market makers in the stock market.
There is a trend but no good position; if buying in the 100,000 support zone, be prepared for the first batch of positions to be trapped. In real trading in the stock market, there is a professional term for this—buying traps (prepare for being trapped after buying if the price drops).
Why do trading experts also buy traps, knowing that it might drop yet still choose to buy?
Because the essence of market trends is unpredictable; when buying traps, the probability of an upward movement is often higher. If you don't buy in at this moment, there is a risk of missing out later.
Decades of experience from countless masters in the stock market tell us that the best way to deal with this situation is to control position management and adopt a phased strategy.
