What is a sideways market🧐

It's simple, it's when the price of a cryptocurrency neither rises nor falls, but moves within a certain range, as if stuck in a "corridor". For example, a coin may fluctuate between $0.95 and $1.00, but does not go beyond these limits.

Traders call this a flat market, and such a market is considered calm. There are no sharp jumps like during an increase or decrease, and the price seems to be "resting".

What to do in a sideways market?

You can buy at the lower boundary of the "corridor" and sell at the upper one.

The main thing is to be attentive not to miss the moment when the price breaks out of the sideways movement either upwards or downwards.

A flat market can be both boring and profitable if you catch the right moments!😉
#flat $SOL

🤔 What are traders doing now?

#Bitcoin  is flat, in the $40800-43400 range, this kind of movement is exhausting 🥴 traders. What are wallets doing in the meantime? 🤔

🔎 We analysed many profitable 👛 wallets and made the following conclusions:
1. Most are selling 📉 or waiting
2. Sales increased after the adoption of #ETF
3. The rebound 📈 occurred with declining volumes 👎 and they continue to decline

According to 🗃️ Coinglass Longs continue to dominate the market and funding rates are near neutral.

In this situation, three possible scenarios of $BTC movement are seen:
#flat  😐
#dump  ⤵️
#saw  🥵

🔗After the market, especially Alta, showed growth, we switched to a slight sideways trend, which is both wonderful and scary.

Great➡️because for us this is another opportunity to purchase at reasonable prices.

Scary 🙇🏻‍♂️ this is for those guys who have now entered the market without experience and want to make money relatively quickly... most likely they will end up at a loss without waiting for the rocket to take off.

📊Flat, aka Bokovik, is super necessary on the market. He is very good 💁🏻‍♂️ at marinating investors with his boredom. Knocks out “weak hands” from the market that are not ready to wait and gives an opportunity to far-sighted investors.

❗️If you want to win in this game, 🫴🏽 you need to act strictly on strategy and while there is an opportunity to buy the market in several orders, which is what we do.

🍑What does the $BTC chart tell us:

At the moment, there are no signs of buyer strength, one of the signs of a sideways trend.

While there is price weakness, I expect a decline in the Weekly block, where 1D IMB 64614 - 62971 is located, from where I would consider a new spot position.

Remember, for an investor, temperament is much more important than intelligence. 🐳🐳🐳$BTC #flat #binance #Bitcoin