A few days ago, the market was in turmoil, and the rhetoric of 'Bitcoin plummeting' was rampant. Panic sentiment spread quickly, with altcoins taking the brunt, many dropping over 10%. Many people were flustered, soft in their resolve, hastily selling off and taking painful losses. Who could have expected that after a night, the market would suddenly reverse, soaring again to break the 100,000 USD mark!

Hope is born in despair, and despair returns in hope; this is probably the current psychological state of Bitcoin short-sellers. Especially after the significant drop of 94,000 a couple of days ago, too many misjudged the trend, too many believed a deeper drop was imminent, and there was no conviction among the bears. The confidence once held has turned into helplessness, and individuals are no exception, ruthlessly hit.

The reason Bitcoin broke through the 100,000 mark is not due to any good news, but because the market's retail investors needed to be harvested, and there was a significant disparity in the long-short ratio. After all, there were too many short positions; even if the market wanted to drop, it didn't have to pull back. In such circumstances, who would dare to short? When no one dares to short or hesitates, that is when the market makers begin to position for a drop. One must have enough patience to wait for the market without disrupting one's own strategy! As long as position management is done properly, following the market makers' mindset rather than reacting to market fluctuations, no matter how long it takes, you will eventually become a winner!

In terms of trends, although the evening CPI met expectations and did not directly contribute any good news, the US stock market opened again with miraculous effects, helping bulls recover the losses from the previous two days. Currently, resistance remains at the high point daily between 101,500 and 102,000. If this hourly rebound can break and stabilize above 100,000, we can expect a bullish move to 102,000 tonight!

Currently, those who are short feel apprehensive, and those who are long are also hesitant, so the market makers are waiting for the market to automatically provide them with long and short data before they take the next steps. So, do you find technical indicators useful? It's better to take a light position and bet in the direction of the trend, as that is likely more realistic! #BTC投资案未获微软股东同意 #市场回调抄底还是观望？ #加密市场回调