Market Stops Falling, Consolidating: Holding Positions for a Rise
The current market trend does indeed have some similarities with SATS; it has basically stopped falling and entered a narrow range of consolidation at the bottom. From a technical perspective and capital flow standpoint, the likelihood of a large-scale decline has significantly decreased. Below are the key analyses:
1. Market Characteristics: Bottom Consolidation
• Narrow Fluctuations: The consolidation in a narrow range at the bottom is often a stage for the market to digest selling pressure and facilitate the turnover of positions; this trend is a natural result of the tug-of-war between buyers and sellers.
• Clear Stop-Falling Signals: After multiple tests of support levels without making new lows, it indicates that market sentiment is gradually stabilizing, and the pressure of capital outflow is easing.
2. Strategy: Holding Positions for a Rise
• Grasping Positions: At this stage, it is crucial to avoid blind selling because concentrated positions are a prerequisite for institutional players to drive the market up.
• Waiting for a Breakthrough: After the consolidation ends, it is often accompanied by a rapid rise; patiently waiting for the main force to drive the market is advisable.
3. Market Outlook: Bullish Bias
• Capital Driven: Recent mainstream capital flows and on-chain data indicate that the market is accumulating strength for the next phase of rebound.
• Technical Support: The strong support effect in the bottom range is evident, and the space for further adjustments is limited.
Summary
The current market is in a consolidation phase after stopping the decline, and patiently holding positions is the best strategy. Once the consolidation ends, a market drive could start at any time, and the outlook remains bullish. Adjust your mindset, maintain risk control, and wait for the harvest.
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