The pain of left-side trading is falling before dawn. Today I shorted RVN, not expecting a sudden surge that precisely hit my liquidation price, and then it immediately turned downward. When the market goes down, I feel very uncomfortable inside. Here I still need to remind myself to pay attention to position management; I cannot take heavy positions, otherwise the margin for error is too low. Also, I need to patiently wait for those patterns that are highly likely to change the trend.
The overall trend for $TAO is neutral, with weekly prices locked in the range of $395-$356. Key support areas: $356, $330, $320. Key resistance areas: $395, $415-$420. Summary: There is currently no clear trend, with the daily line continuing to oscillate. If the weekly closes above $415 and breaks through, bullish potential will emerge; if it does not break through, it may retest the $320-$330 area. Current risk warning: Buying below the $415-$420 resistance carries risks; it is recommended to patiently wait for entry opportunities in the lower range ($320-$330). #看懂K线
$SCR The sad thing is that when the price is falling, you buy the price that is rising, and when the price is rising, you buy the price that is falling again.
Just now, a piece of news said that the Bitcoin memory pool has been cleared and the trading volume has hit an 11-month low. Does this mean that the market demand for BTC trading has decreased, leading to a situation where supply exceeds demand, and prices are about to drop?
The professor's response is witty, humorous, and incisive.
Broomie
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~ I ASKED MY ECONOMICS PROFESSOR WHY IS BITCOIN DOWN TODAY (HE'S BRITISH AND OOOOOLD AF) ~
Ah, Bitcoin’s in a bit of a slump today, is it? Not entirely surprising, old sport. Markets are rather like a well-aged Stilton—temperamental, prone to crumbling under the wrong conditions.
Now, today’s wobble seems to be down to a few things. First, there’s this fuss in the tech sector—some new AI upstart in China, DeepSeek, has everyone in a tizzy, and when tech stocks fall, Bitcoin often follows like an eager pup. Then, of course, there’s the Federal Reserve, behaving like an overzealous maître d’, keeping interest rates high and making traditional investments look more appealing than our dear old crypto.
And then we have the liquidations—oh, the drama! Leverage traders getting squeezed, their positions closing automatically, causing a domino effect. Rather like a poorly stacked tower of éclairs, if you will.
What happens next? Well, my dear fellow, that’s the million-pound question. It may rally, it may dawdle, but Bitcoin’s been through worse scrapes. Best not to panic—have a brandy, perhaps a bit of treacle tart, and let the markets do their dance.
Important things should be said three times: don't bottom fish! Don't bottom fish! Don't bottom fish! If the Spring Festival market can't drive Bitcoin up, the liquidity is completely gone. Think about it carefully: Bitcoin is still above 100,000, SOL is still above 200, and the US stock market has been rising for a year. In the next three months, there will definitely be a crash like last August. As for whether there will be a bull market? I think the deeper the correction in the next three months, the more likely it is to rise higher when liquidity comes in. In short, before it has completely dropped, don't bottom fish. $BTC