The cryptocurrency world is like this, madness is the ultimate risk. One moment it's sunny, the next it's a downpour. I hope in the next few days, to increase risk, I suggest reducing positions on highs, and advise to lay flat and not go long, without obstructing your financial path, hindering your dream of becoming the world's richest. When it comes to risk, the pressure is quite large, most people have already gone mad, speaking out brings criticism, leading to a circle of attacks. The crash has come, many people can't control their hands, they should have hung at the peak.
Currently, BTC, on the daily level, showed a large bearish candle yesterday, with a massive outflow of profit funds, in recent days high-level fluctuations, the market makers are slowly selling chips, all the good news is just unfulfilled PUA, retail investors are taking over. Or say institutions are taking over, with political backing, Trump shouting, all igniting emotions, still, the back decides the head, if they want to sell BTC, they will definitely shout desperately.
The daily MACD has formed a dead cross at a high level, with strong bearish momentum. No bottom-fishing signals have appeared on the daily level; the madness will last as long as the tragic form. So spot players should not rush to enter and bottom-fish. From indicators, the upper pressure is around 95,000, and the lower support is around 85,000. However, for the lower support, we need to adjust based on emotional indicators.
Just after the drop, those who went long immediately soared; it seems the market makers are pulling the market and creating momentum, indeed the layout is very well done. I have said before, if you don't understand how to operate, then lying flat can also save your life. If your skills are good, short-term operations are fine, entering with stop losses is also acceptable. Anyway, retail investors are always licking blood off the knife's edge, regardless of what you say, very few people listen. Otherwise, how does liquidity and fuel come about?
There are signs of a stop in the one-hour level, but it is only a temporary stop at a small level. Those going long should take profits and not get greedy. The crash has not ended, and the pullback has not ended. Just wait patiently. The market makers are really very clever, they will definitely create an unsustainable downward pattern, this will be nailed down, and in the end, they will harvest the bulls, surely it will be very cruel.
Sometimes I think, blocking people from gambling, advising people to stop, could be considered a form of harming others for wealth. In fact, the pressure is quite large. If everyone finds it uninteresting, just treat it as having fun reading the posts, consider it as seasoning in your cryptocurrency trading, just take it as a joke. After all, there are no gods here, only veteran retail investors who can manage their positions well and control human nature. $BTC