Many friends are asking whether Bitcoin will continue to rise or will there be a pullback. At present, there is no obvious mainstream narrative in the market to drive the volume, and Bitcoin's strong performance is more of an independent market. Although some meme coins have fluctuated sharply due to Trump-related news, most altcoins have not followed the rise, so risk control is particularly important.
Bitcoin's recent daily chart shows a long lower shadow, which may indicate that the bulls are relatively strong. However, we also need to question whether the market can really support so many high-chasers to make profits? The market has been mainly clearing short orders recently. Judging from the clearing data, the future trend may be full of fluctuations, and both long and short parties may suffer losses.
At present, the rise and pullback of Bitcoin are relatively limited. Although the price briefly broke through $66,000, it soon fell back to around $64,500 and fluctuated. The panic in the market has turned into greed.
In this market environment, it may first put pressure on the shorts, and then test the longs. Therefore, when conducting short-term transactions, it is necessary to strictly control risks and set stop loss points. Otherwise, if the market reverses, you may find yourself in an unfavorable position, such as shorting at a low price or going long at a high price.