BTC's oscillation pattern remains unchanged, beware of bull traps!!!

For the current market,

I don't think there will be a V-shaped reversal,

but it is more likely to continue to oscillate within a large range,

This market is also called a liquidation market.

From the liquidation map, the enthusiasm of the market bulls is extremely high,

The number of people who go long is twice as many as the number of people who go short.

The liquidation intensity near 60,000 is less than 200 million,

while the liquidation intensity near 55,000 points is as high as 800 million US dollars.

Contract liquidation provides good liquidity for the market.

Although the negative factors on the fundamentals have been basically digested,

the market is still in the liquidation market, so it is necessary to be wary of bull traps.

For altcoins, my views have not changed.

If BTC dives, then this is a good opportunity to buy on dips and ambush.

The best entry point is between 52,000 and 53,000,

The target of bottom-fishing has also been given in the zone setting.

The current market is volatile. Whether you are interested in contracts or spot, you can click on my profile picture, follow me, and enter the homepage for more information.