Good afternoon, friends! Let’s briefly discuss today's thoughts and viewpoints.
Looking back at the market trends:
Yesterday morning continued the overnight trend, pushing up above 980. In the afternoon, it pulled back to a low of 948. After the US market opened, it found a bottom and rose to above 974. However, overnight, influenced by the US government's market sell-off, it dropped down to 944. This morning, it rebounded to above 960 and is currently maintaining a high-level fluctuation around 955.
In terms of the current market trend, it has returned to a frustrating rhythm of consolidation, with no continuation for bulls or bears. After rising, it falls back, and after finding a bottom, it rises again. Of course, for beginners, this rhythm is quite appealing, as mistakes in direction can be tolerated.
Since it is a consolidation phase, there are opportunities for both bulls and bears in the short term; it’s just a matter of choosing the right entry points. The trend lines are clear; in the short term, there is resistance around 971-975 above and strong support around 947 below. It’s not difficult to operate within this range.
For today, consider entering around 950-952 below, with a stop at 945, aiming to see 968-972. In the evening, I will still be broadcasting at 10 PM. If you like it, please follow and give a thumbs up. Feel free to discuss in the live chat $BTC .