$BTC $ETH

Today is Saturday

Yesterday I took everyone to buy the dip and touch the top

Buying the dip had a maximum floating profit of 2600 points, while touching the top had a maximum floating profit of only 50 points, so I won’t elaborate on that

Let me share my thoughts on the current market situation

On Friday, it was pushed to a relatively high position of 98800, but it didn’t touch 99000

The last low point dropped to 91500

If we view this as a 92-99 range

Theoretically, the more it drops, the more it should bounce back

Saturdays and Sundays are suitable for strong control by the market makers, with low liquidity

But right now it’s in a slow decline, without big fluctuations, so what are the market makers up to?

Those who have entered positions must be very anxious and bored

I just looked around at the altcoins; they are all fluctuating within the range

The volatility is still quite large

The range is definitely meant for washing out positions

Saturdays and Sundays are not suitable for market makers to offload and accumulate

Because there’s no liquidity, Saturdays and Sundays are often deceptive in the market

This wave of increases is a trap to lure shorts, and there are also key K-lines with particularly large volume

So I still believe this is a trap to lure shorts

It’s likely to first drop and then rise, and this rise will clear a lot of leverage

Everyone has already gotten used to the 92-99 range, and at the same time, the range shows that both the highs and lows are moving down

I feel that there will be a double top, followed by a drop

It’s all my conspiracy theory

When I open a position, I first think about the general direction and levels

Then I watch the market for short-term entries

What I fear the most is that on Monday at 7:45, there’s a drop that tricks you

You’ll fall for it again, directly chasing at the bottom and getting squeezed

Be careful.