How to trade in this market? 🤔
The overall trend is still bullish, but even if it drops, it is still a consolidation. Consolidation trades are suitable for low longs, focusing on low longs with high shorts as a supplement❗
First, we need to distinguish whether the market is consolidating or trending. In a consolidating market, we go for short-term trades, while in a trending market, we look for starting points. It is clear that we are currently in a BTC consolidation market, which is suitable for intraday short trades and looking for strong coins to long during BTC pullbacks.
Now, we need to find strong coins and make some moves when they pull back in the next day or two.🐟
The market will be closed over the weekend, and with the main trading force absent, we can confirm the judgment of sideways consolidation. There is basically no liquidity, and the fluctuations in BTC won't be significant.
Additionally, if altcoins rise significantly, we can basically conclude that BTC will dip a bit, and altcoins will also retrace. For those who haven't jumped in yet, continue to wait for a pullback to enter.🚗🚗🚗
🐉ETH has already started to slowly outperform BTC, and the strong sectors in the short term will still be the ETH series and AI series.
Let's stick to this rhythm for now👆🏻
