In this market, trying to take food from the hands of the dealer is indeed a life-or-death situation, only those with high skills and boldness can do it. Yesterday, it was considered as making a daily level chart. Regardless of the past two days, whether going long or short, there have been no good outcomes. Still the same saying, trading at high positions, BTC, if you don't understand, just lay flat.

From a daily level perspective, there was indeed some main capital entering the market yesterday to support the bottom, with daily price comparisons at corresponding high levels, even when the dealer performed freely. However, from the perspective of pressure and high position patterns, the trend pressure and top pressure intersect around 97600. If there is no breakthrough, then a continued pullback will occur; if a valid breakthrough occurs, then a rise to 100k+ is possible. However, one point is that the MACD dead cross is pointing down, and the daily level is still in a bearish trend. Although the bearish strength has weakened, it is still advised for everyone to take profits, reduce positions, or move stop losses to prepare for locking in profits.

From the hourly level, it can be seen that today should be in a sideways consolidation state. For the Ethereum system, there should be a good performance. Recently, Ethereum has strengthened, just as I analyzed yesterday. If BTC maintains a sideways state, then ETH reaching 4000 is possible.

As for other altcoins, it is still the same, reduce positions on highs, don’t get too greedy, next month is approaching, many things are still unclear. If BTC rises, that’s fine, but if it pulls back, altcoins will again suffer. There are cycles of rises and falls; don’t think you can take all the profits.

As for being afraid of missing out on bottom-fishing, I still do not recommend spot players to make cyclical layouts at this time. A big rise is never a reason to buy; a big drop is.

For short-term players, there’s really not much to say, as long as the pattern is going up or down, you can go long or short. I myself trade quietly every day; I still need to make money for my living. Being a man means you need to support your family. However, short-term trading rarely makes a fortune; it’s just enough to cover living expenses.

Currently, it seems that the sentiment is still extending, greed is at an extreme, which retail investors cannot maintain, as they fear greatly with a little rise and a little fall. Now the dealer probably doesn’t want the coin price to drop, nor do they want to stop the FOMO. When making a scheme, it should be a big one. Dealers, institutions, and capital are all in a game. The rise is just to let someone take over; it’s just a matter of seeing who is taking over.