I advise everyone not to rush into buying the dip, isn't that misguiding people? I've been nagging for the past few days, don't easily go long, if the price is high, reduce your position a bit, if you can't understand the market, just hold steady and don't move, preserving your principal is the most important thing. I hope someone can take this to heart.
Recently, BTC has surged tremendously, even Trump has come out saying he wants to include BTC as part of the national strategic reserves. I guess many institutions and countries have quietly entered the market. Trump is a skilled businessman, good at driving up prices, creating an atmosphere, and enticing retail investors or opponents to take over at high levels; he has mastered the art of buying low and selling high.
Some people say BTC is being used to pay off America's debts. At first, I didn't understand this, but thinking about it, America's external debt is 35 trillion, while the market cap of the crypto space is only 3 trillion, which is simply not enough. Those apparent positive news are just gimmicks, meant to raise prices to lure more people into the market. If you don't enter the market? They have plenty of ways to get you in.
From the current situation of BTC, there are changes at the weekly level, the overall trend is still upwards; it's impossible to say it's turned bearish. During corrections, the 5-10 week lines provide support.
However, at the daily level, a large amount of capital has been flowing out in the last two days, the big players are making a lot of money, and some people got trapped yesterday. Currently, the upper pressure is around 94,000, and strong support is near 85,000. If this support is effectively broken, the trend might change.
At this time, spot traders shouldn't rush to buy the dip; the time is not right yet. After a drop, many people are eager to go long, which is not good; it might just turn into a wealth massacre.
I do ultra-short trading, looking only at the patterns and not the prices. If the price is right, I enter the market. In 15 minutes or 1 hour, going long or short is easy, but you still have to set stop losses.
Now the trade war between the US and a certain country is fierce; as soon as Trump took office, he raised tariffs by 10%, and that country is having a hard time. The financial war is the same, mutually penetrating, back and forth.
If you always miss the right timing and feel confused about how to operate, and want to catch up and learn, you need to meet one condition: strong action, just do it, like + leave a message, I will help you make big money!
