$BTC No way, Bitcoin is not convincing to me here at all.
Funds were negative for a short period of time, and then rebounded with this rally, can't you investors temporarily put down your leverage?
From a structural point of view, I don't see a strong bottom forming. After a drop, although the price has recovered, this recovery is slow and the trading volume is not large.
The rise is mainly driven by the futures market rather than the spot market.
The current price has been here for too long, giving many people an opportunity. They set stop-loss orders near the candlestick shadows, which have a lot of liquidity, and now these positions are like magnets that can't be pulled up!
Now I have seen such ranges again and again, and now I see the same script again here. This is completely a liquidity game, the way big dealers create liquidity! !
Unless there is a clean breakout of the top of the current range, I think the price will continue to fluctuate in the current range. And it is currently in the upper half of the range, with a lot of liquidity below.
However, some altcoins look good, so if Bitcoin continues to fluctuate here without too much drastic action, it may provide some altcoins with good breathing space. $PEPE $DOGE
(Note to coin friends: Click on the currency symbol (yellow font) in the post to buy spot. Click on the rectangular box at the end of the post to buy contracts. Pay attention and don't get lost!)
