$BTC Today's Viewpoint:
In the past ten days, the market has been in a sideways fluctuation, with no particularly obvious trading opportunities. The day before yesterday, a short-term opportunity for a short position appeared, but it was only a mere 1500 points of space. I believe that during this period, many people must have been trading frequently, losing their direction—going long when the market drops, going short when it rises, and after losing, the market reverses. This kind of torturous market makes one want to curse being targeted by the market manipulators.
Returning to the market, I have a short position in BTC for short-term trading, currently mainly holding a short position of $BCH , which I have reduced. There is a need for sideways adjustment. The big coin (BTC) is in a sideways fluctuation on the 4-hour chart and above, with no trading opportunities. Whether there is a downward trend on the 1-hour chart depends on whether the current rebound can break above 106300; if it doesn't go down, there is no downward trend, but if it doesn't break, there is a chance. So, should we participate in the smaller 5-minute long positions? The answer is either to hold cash or to try with a light position; if it doesn't work out, one must exit.
