The current market in the cryptocurrency space can be described as a dull market, characterized by sideways fluctuations. It seems calm, but in reality, the direction is still uncertain, and large institutions are calculating whether to reap profits by going down or up.
Everyone understands the principle that extremes lead to opposites: the end of a strong bow, the wick of an exhausted lamp, and the fleeting glow of a returning light. If the market suddenly spikes in the near future, it is not necessarily a good time to chase the rise. The wisest strategy at this moment is to observe the changes and respond to them with calmness. For those trading contracts, it's simply a matter of going long or short; as for whether the current position is considered high, everyone has their own understanding!
Recently, the so-called "Trump trading time" and "Trump favorable news" have gradually cooled down. Although there have been reports like "Poland treating Bitcoin as a strategic reserve," these claims ultimately serve as a means for capital to generate hype, possibly to pump prices at high levels for profit-taking.
In this market, making money or losing money is actually very normal. For most retail investors, we are the fuel of this market; all patterns, good or bad news, are essentially aimed at plundering your resources. What we retail investors do is simply follow the rhythm of those institutions or large capital. They eat the meat, we drink the soup; regardless of the differences in opinions, the profits we can obtain belong to us.