The pullback is clear; many cryptocurrencies have already dropped significantly, but why hasn't everyone been buying the dip continuously?
1, From the daily chart perspective, the K-line hasn't given us a strong reversal signal. Although there was a slight recovery on Friday and Saturday, it is still in decline. Technically, there is no support for going long, at least there won't be any signals for right-side trading.
2, Three consecutive bearish candles, a waterfall decline, everyone is somewhat panicked, psychologically feeling that it will continue to drop, and is reluctant to use their holdings.
3, The market fluctuated moderately over the weekend, without generating new trends. Everyone is looking forward to Monday's market to give us a clear answer.
In response to this ever-changing market, one needs to remain calm and think carefully, treating each trade thoughtfully and cherishing every trading opportunity.
Left-side trading: You can allocate now to buy the dip in spot, or contracts with 3x leverage, but the position should never be too large. Left-side trading is inherently risky and has a lower win rate.
Right-side trading: Still waiting for a good reversal signal to buy long. There will be good opportunities next Wednesday and Thursday.