How will the market go next?
The market has been fluctuating continuously in the past few days. From the liquidation map, it can be seen that the strength of both long and short sides is still very balanced.
If it goes down to around 93,000, most of the long army's volume will be cleared, and if it reaches around 99,700, most of the short army's volume will be cleared.
Thirteen believes that the reasonable trend should first fall below 93,000, and after clearing the bottom, go up to clear the short army.
There is another point that everyone should think seriously and be prepared.
Bitcoin has almost no resistance from 83,000 to 96,000, and it flies directly up. In other words, if the market pulls back, there is almost no resistance in this range. Maybe 91,000 counts as one, and 87,000 counts as one, but they are not very strong.
Thirteen hopes that the market can have a deep pullback under the joint efforts of Ripple and Bitcoin. After all, there are still many friends waiting to get on the bus.
The market has a downward trend, but it is not obvious. There is no direction yet, and there is no particularly large turbulence after the opening of the US stock market.
In addition, ETF institutions need to make efforts. If they continue to buy, Bitcoin is likely to break through 100,000, and then there will be a wave of correction, and maybe this wave will be directly corrected.
Everyone is waiting for a deep correction to pick up the bargain. In fact, if Bitcoin and Ethereum really plummet by 10 points, you dare not get on the train.
So buying on a dip is the best choice, and no one can buy at the lowest point.