In the market, sudden price movements are often unpredictable, so chasing ups and downs is often not a wise choice. If you change your investment direction for this reason, you may miss many medium- and long-term opportunities, because most lucrative profit targets require patience and persistent investment.
For short-term traders, whether looking for the upper suppression point or the bottom support point, you need to be flexible and defensive. Small-scale rebounds or pullbacks are normal in the market.
As for the mid-term strategy, if Bitcoin fails to stabilize above $58,000, you can consider repeatedly looking for high points and executing short-selling strategies, and continue to look at the range of $55,000 to $52,000. If the price is stable, then you need to find reverse trading opportunities in a small cycle.
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