BTC Observation, sideways tug-of-war, both bulls and bears are waiting for a gunshot!

Friends who have been watching the market recently should have noticed that the market is a bit "grinding". Don't rush to take action; let's first talk about a few key indicators to provide a reminder for operations.

First, let's look at the moving averages. EMA7 and EMA30 are just 150 dollars apart now, almost sticking together in a straight line. This is not a small matter; seasoned investors know a saying: the closer the moving averages are, the greater the fluctuations will be afterwards. The current market is like a spring holding back strength; it’s not yet time to exert force, so don’t let your mind get heated and go all in. Rather than guessing the direction randomly now, it’s better to stabilize your mindset, let the bullets fly for a while, and wait until the trend is clear before making a move.

Next, let's look at the MACD. This indicator has been a bit "unhelpful" recently—DIF has just crossed below DEA, forming a death cross, and the green bars below are getting longer each time. This signal is very clear; short-term bears have temporarily gained the upper hand. Therefore, those thinking about chasing the bulls right now should pause and not rush to become the "bag holder". Entering the market to chase the bulls now is no different from reaching out to catch a falling knife, and it’s highly likely to incur losses. Want to go long? Wait for the MACD to show a golden cross signal, and then we'll talk when the trend warms up.

Finally, let's look at the RSI. The 6-day RSI value is stuck at 44, neither up nor down, not reaching the overbought zone nor touching the oversold line, firmly in the "salty fish zone". At this time, the worst thing to do is to greedily chase orders; instead, it's more suitable to "short at the high and long at the low" within the range. Operating back and forth within the range is much more reliable than stubbornly holding one direction.

For short-term trading reference, layout short orders around 111400-111000, aiming to see 110100-109900 first. Of course, the market can change at any time, so remember to set a stop loss after entering the market, and don't let small fluctuations turn into big losses. In short, the current market can be summed up in one word: "stable". Don’t be swayed by short-term fluctuations; follow the indicator signals to respond to the market more calmly. #BTC☀