BTC: Bitcoin closed with a spindle yesterday, indicating that the market was in a stalemate between long and short positions, and the overall trend was oscillating downward during the day. Volume analysis shows that trading volume is gradually shrinking, indicating that market sentiment has cooled down and bullish momentum has failed to effectively break through the previous high.
Overall, Bitcoin's recent oscillating downward trend can be interpreted as exchanging time for space, and the high-level range consolidation is accumulating power for further breakthroughs in the future. The market has been rotating at a fast pace recently, so it is still necessary to be cautious in the short term. Do not change positions frequently. Long-term players can ignore short-term trends.
