Analysis of the current situation of the BTC market

Now retail investors are increasing their short positions in BTC against the trend, and the market sentiment is generally panic. However, the main funds are continuously raising prices, trying to induce retail investors to follow suit and go long.

However, because retail investors are worried about being "buried" by chasing high prices, they dare not rashly increase their positions, and the main harvesting plan is difficult to achieve.

In this case, the market has formed a delicate balance: if retail investor sentiment does not turn to long positions, the main force may continue to push up prices, or even force out short positions, forming a "short squeeze" market.

At present, the sentiment is not in place, so the best strategy is to wait and see, and consider entering the market when the market's long sentiment has obviously recovered.

At the same time, pay close attention to the key pressure level of 61800. If this point is broken, it may trigger a change in sentiment, and the change in sentiment may bring about a long trap!

Therefore, we must wait and see for now, wait patiently, and seize the best opportunity to enter the market!