In today's short-term trading, $68,350 has become a key short-term support area for $BTC , while a large number of sell orders are piled up around $70,000, indicating that some market participants do not wish for the Bitcoin price to quickly rebound above $70,000. However, retail investors' enthusiasm has been ignited, and this sentiment often leads to significant market volatility. Such volatility usually serves two purposes: first, to clear out the majority of holders in the market, and second, within this price range, bulls and bears will engage in fierce competition, only to have a winner emerge when large funds from one side intervene. Therefore, during this period, our trading strategy should be to operate with light positions and look for suitable entry points to ensure that stop-loss points are kept as small as possible.
Today's market trend is quite similar to the strong surge of the past few days; the market seems to be forming a top while pretending to be about to correct, then quietly rising again. We should align with the strategies of market leaders and adopt a buy-the-dip strategy until the market leaders change their strategies, at which point we will adjust accordingly. This flexible trading approach helps us better adapt to market fluctuations and maintain competitiveness in an ever-changing market.