Don't rush to bottom fish,
From the short-term perspective of 1 hour, it has already broken the upward oscillation range support near 94600 with increased volume. Although there may be a bounce now, the volume is relatively weak. Let's observe for now. It should continue to pull back, with support at the last bottom, around 91000.
In the past few days, I have repeatedly reminded not to go long on BTC, and also advised not to enter the market for the time being.
I find it very strange that, while warning about risks, many people are bearish. Isn't it normal for cycles to rise and fall? Is it true that in a bull market there are no corrections and it just keeps rising?
Currently, for everyone, it is a good thing that there has been a pullback, allowing for new entries.
In fact, spot traders can easily place orders; when it's crazy, they sell, and when there's fear, they buy. But at this moment, when it's neither painful nor itchy, it’s better to wait. Patience will allow for big gains.
For contract traders, it's a dangerous game; although you can trade every day, the cryptocurrency market changes every moment, and if you're not careful, it could lead to disaster. But there's no other way; large funds trade in spot, while small funds can only choose contracts. The risk is high, but so are the rewards. Contracts are just one way of trading. Knowing how to realize profits, having them in your account, is what truly makes it yours. Otherwise, U just lies in the exchange, it's all numbers, and it's poison. Addictive things usually come at a cost.