Bitcoin is the focus recently, and every rise and fall is crucial
When the price goes up, the copycats may not be able to keep up, but when the price goes down, the copycats will definitely keep up
Therefore, most of the time should be spent on studying the subsequent direction of BTC. People who do medium and short-term trading basically need to pay close attention to the daily trend.
BTC surged above 70,000 USD on March 11, then fell back after a short pause. The entire oscillation range has lasted for 24 days.
The market has gone from excitement in early March to calmness now, as if the market has suddenly pressed the pause button, and the once active social network has suddenly become silent.
The mainstream may still be able to watch, but many people who chase high prices in the copycat market have basically started to suffer a small loss of principal.
Those who can't bear it have basically cut their losses, and those who have enough bullets have covered their positions. Now everyone is patiently waiting for the direction.
Judging from the trend of the daily line, it is currently a volatile trend, with neither the long position nor the short position being strong. This conclusion is based on the following points:
1. The downward range is gradually narrowing, indicating that the short position is weakening
2. The rising amplitude is also narrowing, indicating that the bulls are also weakening
3. The low point of the entire oscillation range is rising, but the high point is not rising.
4. Currently, all K-lines are running within the oscillation range.
Combining the above points, the volatile market will continue, and the long and short forces have not been determined in the short term.
Therefore, there are no clear signals for big drops or big rises, and it is not the best time to make arrangements for short-term and medium-term investment.
However, if you hold the currency, it is a wise choice to continue holding it at this point.
The L2 sector has recently pulled back quite a bit, and I personally think this is still a good opportunity.
For those who have funds, they can consider it to a limited extent.
I will post my own operation suggestions and market views in the small circle every day, ambush high-quality currencies, welcome everyone to join the May small circle and seize this bull market with me#WIF #SHIB #Meme $BTC $BNB
